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($1,050,000 maximum in 2021)
(Updated to 100% via ‘Tax Cuts and Jobs Act’)
(20% in each of 5yrs on remaining amount)
($1,050,000 + $100,000 + 0)
($1,150,000 x 35% tax rate)
(assuming a 35% tax bracket)
Here’s How Section 179 works:
Most business owners prefer to write off the entire equipment purchase price for the year they buy it. The Section 179, plus bonus depreciation does exactly that – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year (up to $2,620,000 of equipment cost in 2021). This has made a big difference for many companies (and the economy in general).
Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2021 tax return (up to $2,620,000). Equipment must be delivered and placed into service this year.
The NeuroStar finance program powered by Lion Technology Finance can quickly and efficiently finance your capital investments. Lion specializes in equipment financing for start-ups, small & mid-market companies, and some of the largest public companies in the world.
Express Finance Application
Please complete and submit your pre-approval application below and our team will do the rest.