The Datamax Thinking Blog

Leasing allows your organization to fully leverage the latest in business technology. But what kind of leverage do you have with a lease partner?

Replacing an aging fleet? Setting up a new office? Leasing can be a positive option. The value of technology lies in the ability to leverage it to its fullest – not simply by owning it. The decision to lease a copier can have a major impact on your day-to-day workflow, your team’s productivity, and even your bottom line.  But not all copier leases — or providers — are created equal.

Section 179 Deduction of the IRS Tax Code is an immediate expense deduction that business owners can take for purchases of depreciable business equipment. 

Continuing to invest in new technology equipment to maximize efficiency is a valuable endeavor for organizations looking for a competitive edge. It's even better when you can maximize tax deductions as well.

Section 179 and Bonus Depreciation are two components of the 2017 TCJA (Tax Cuts and Jobs Act) that present potential tax savings for your organization if you're in the market for copiers, printers, or other related technology hardware or software. To maximize the current incentive, qualifying equipment must be financed or purchased before January 1, 2024. Also of note: Beginning Jan. 1 of this year, bonus depreciation has begun to phase out over the next four years.

Almost all types of “business equipment” new or used that your company buys or finances will qualify for the Section 179 Deduction and/or Bonus Depreciation.

Need a little additional "incentive" to close out your year with the acquisition of office technology? Section 179 and Bonus Depreciation are two components of the 2017 TCJA (Tax Cuts and Jobs Act) that present potential tax savings for your organization if you're in the market for copiers, printers, or other related technology hardware or software.

But you'll need to act fast.  To maximize the current incentive, qualifying equipment must be financed or purchased before January 1, 2023.