Last Chance To Save Up To $25,000 In Taxes On IT Software, Equipment And Service

While many tax incentives for small business have been shot down in recent years, Section 179 of the IRS tax code remains one legal “loophole” worth looking into.

This year (unless Congress changes it at the last minute, which they have done in the past) Section 179 allows you to purchase up to $200,000 of qualified equipment and software, and then write off up to $25,000 as a Section 179 deduction.