Section 179

Section 179 Information

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What is Section 179?

Section 179 of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction. 


The equipment purchased, financed, or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken. (The equipment must be put into service between January 1st and December 31st of the year the deduction is to be taken). Basically, it’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.


Note:  Your equipment must be purchased and put into service by midnight Dec. 31st.

Section 179 at a Glance 

  • 2025 tax year deduction limit = $1,250,000 for new and used equipment 
  • 2025 tax year spending cap on equipment purchases = $3,130,000
  • Bonus depreciation: 40% available for 2025 tax year

What Equipment is Covered?

 

  • Business equipment of all types - equipment, vehicle(s), and/or software must be used for business purposes more than 50% of the time to qualify. (new, preowned, or refurbished equipment accepted)
  • Vehicles designed for commercial use - vehicles with 6,000+ pounds GVW, are limited to a $31,300 deduction
  • Off-the-shelf software - readily available for purchase by the general public with a non-exclusive license and not substantially modified. Websites do not qualify.

 

It’s Usage That Provides You Benefit, Not Ownership

Why not get the best of both worlds. When you finance your equipment, you’ll enjoy daily usage of your equipment with affordable monthly payments. Best of all you have the comfort of knowing that you’ll own the equipment once all is said and done.


Even More Benefits

The Section 179 of the IRS Tax Code allows you to invest in your equipment today, while claiming the entire purchase on this year’s books. This allows you to keep money in your business.


Contact us to learn more or apply now for financing and let’s work on something great, together.

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Section 179 Deduction Calculator

Estimate how much Section 179 can save your business this year.

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For more details on limits and qualifying equipment, please visit the link to the current Fact Sheet from IRS about new rules and limitations under the Tax Cuts & Jobs Act. Use Form 4562 to claim your Section 179 deduction.


Remember, Tri-Lease has a large vendor network that offers equipment leasing options for any type of business. Contact us or Apply Now to get started today!

Websites used as a reference:


Disclaimer: Tri-Lease is not an accounting firm. Please make sure to consult your personal tax advisor on any tax information. Credit & equipment restrictions apply. This program estimates a tax rate. Your actual tax rate and savings may vary. Tax benefits may vary by type and class of property purchased, use of property, the time when property acquired, & individual taxing situations. Your individual tax situation may affect your ability to utilize the elections. Please consult your tax adviser or accountant for additional information. Equipment must be purchased and placed in service by 12/31/25.

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