Each qualify if they are used more than 50% for business purposes.
Purchases in any of these segments can qualify
Deduct the full purchase price of qualifying business-related equipment including vehicles, heavy equipment, computers, and much more.
Geopositioning Solutions
Construction Solutions
The basics of Section 179
Which products qualify?
Equipment, machines, business vehicles, computers, and much more.
When must purchases be made?
Anytime during the year if purchased and put into service by December 31, 2024.
How much can I deduct?
Up to $1,220,000 of the full price of qualified purchases.
Connect with a dealer to get your savings
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Read FAQs
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 the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income.
Purchases of must be completed and put into service by December 31, 2024.
They are both similar, but bonus depreciation is especially useful to very large businesses. So, after spending more than whatever Section 179’s spending limit is for that year these businesses can continue to save on equipment purchases.
All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2024 should qualify for the Section 179 Deduction (assuming they spend less than $4,270,000).
Section 179 is designed for U.S. based businesses filing taxes with the IRS. The total write-off cap is $1,220,000 and is oriented to small to medium sized companies.
Your local Topcon dealership professionals will contact you to take advantage of these significant tax savings.