Last chance for 2015 Tax Deductions for new computer equipment

 

The IRS is allowing qualifying businesses to deduct up to $25,000 in new computer and software purchases along with other items.

Please keep in mind that to qualify for the Section 179 Deduction, the equipment listed below must be purchased and put into use between January 1 and December 31 of the tax year you are claiming.

 

  • Equipment (machines, etc) purchased for business use
  • Tangible personal property used in business
  • Business Vehicles with a gross vehicle weight in excess of 6,000 lbs (Section 179 Vehicle Deductions)
  • Computers
  • Computer “Off-the-Shelf” Software
  • Office Furniture
  • Office Equipment
  • Property attached to your building that is not a structural component of the building (i.e.: a printing press, large manufacturing tools and equipment)
  • Partial Business Use (equipment that is purchased for business use and personal use: generally, your deduction will be based on the percentage of time you use the equipment for business purposes).

Hooks Systems clients can still order new computers and software and meet the December 31st deadline but you must hurry!

Click for the BBB Business Review of this Computers - Networks in Wilmington NC