If your business is considering upgrading or adding new print equipment, now is the ideal time to make that investment! Thanks to Section 179 of the IRS tax code, you can deduct the full purchase cost of qualifying equipment, including printers and plotters, in the year you buy (or lease) and begin using them. This can translate into substantial tax savings and provide you with more capital to reinvest in your business. The Section 179 incentive, established by the U.S. government, encourages businesses to make investments in equipment that drive growth. For more details on how Section 179 works, visit Section179.org.
What is Section 179?
For 2024, the maximum deduction available under Section 179 is $1,220,000, and the equipment you purchase doesn’t have to be brand new—it can be leased or financed as well. For example, if you buy a $15,000 printer, you could deduct that entire amount from your taxable income. After factoring in tax savings, the effective cost of the printer could be as low as $9,750, putting over $5,250 back into your business.
How Section 179 Can Save You Money
- Instant Financial Benefits: You can apply the full deduction in the year you purchase the equipment, providing immediate tax relief.
- Flexible Options: Choose to buy or lease the equipment, depending on what best suits your company’s needs.
Why Midwest Inkjet is the Right Choice for Your Printing Needs
- High-Quality Equipment: We offer a wide range of printers and plotters that qualify for Section 179, so you can maximize your investment while securing the best value.
- Affordable Financing: Whether you prefer to buy or lease, we provide flexible options to make it easier for you to invest now and save later.
- Range of Media: We carry a wide range of print solutions for every type of application your customers could need.
Discover Our Wide Selection of Products
We offer a complete range of printing solutions to meet your business’s needs. Our product selection goes far beyond our Midwest Inkjet products, but includes trusted brands like Canon, Epson, Innova, Proof Line, and more.
Don't forget: To qualify for Section 179, the equipment must be purchased and put into service by December 31, 2024. Don't miss out on this opportunity to save. Contact Midwest Inkjet today, explore your options, and start saving on your next printing system!
Note: Always consult with a financial or tax professional before making any decisions that could affect your company’s tax situation. They can offer tailored advice based on your unique financial needs and goals.
