Increasing efficiency and better company morale are 2 highly desired benefits of buying new equipment or upgrading your existing equipment for 2023
Here’s what to know for 2023
Hidden IRS Tax Benefit: The lesser known Section 179 tax benefit allows you to write off the entire spend on new IT equipment and other capital expenditures in this tax year (rather than depreciate over a few years). To qualify you must make the purchase and put it into service by the end of the day on December 31, 2023.
Use the 2023 Calculator on Section179.org’s page to find out how much you can save. Always feel free to reach out to your Fulcrum Group Fractional CIO for more details.
What is the IRS Section 179 Deduction?
Some key projects we’re seeing people take advantage of right now, include:
Want to know what your tax savings could be? Visit our updated Section 179 Tax Savings Calculator. We aren’t tax professionals, so please consult your tax professional prior to making any decision. Fill out the form below and we’ll have a Fulcrum Group Account Manager reach out to you immediately to discuss how an end of year technology purchase could benefit you.
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