Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during that tax year. This means if you buy or lease a piece of qualifying equipment, you can deduct the full purchase price from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
Purchase or lease the equipment you need. AutoZone offers multiple purchase and leasing options.
Fill out the Section 179 form for your deduction.
*Contact your tax advisor or CPA for more details on the Section 179 deduction. (Retrieved information from http://section179.org/section_179_deduction.html). Financing is provided by third parties who are not affiliates of AutoZone. All of the advertised loan programs, rates, terms and conditions are subject to change at any time without notice. An extra charge may be imposed at the end of the lease depending on the residual value of the leased goods.
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