Section 179 Qualifying Property

​

​

Section 179 was designed with businesses in mind. That’s why almost all types of “business equipment” that your company buys or finances will qualify for the Section 179 deduction.

All businesses need equipment on an ongoing basis, be it machinery, computers, software, office furniture, vehicles, or other tangible goods. It’s very likely that your business will purchase many of these goods during the year, and will do so again and again. Section 179 is designed to make purchasing / leasing that equipment during this calendar year financially attractive.

Material goods that generally qualify for the Section 179 Deduction

Please keep in mind that to qualify for the Section 179 Deduction, the equipment listed below must be purchased and put into use between January 1 and December 31 of the tax year you are claiming.

• Equipment (machines, etc.) purchased for business use

• Tangible personal property used in business

• Business Vehicles with a gross vehicle weight in excess of 6,000 lbs (see Section 179 Vehicle Deductions)

• Computers

• Computer “Off-the-Shelf” Software

• Office Furniture

• Office Equipment

• Property attached to your building that is not a structural component of the building (i.e.: a printing press, large manufacturing tools and equipment)

• Partial Business Use (equipment that is purchased for business use and personal use: generally, your deduction will be based on the percentage of time you use the equipment for business purposes).

• Certain improvements to existing non-residential buildings: fire suppression, alarms and security systems, HVAC, and roofing.

Please note – the above equipment qualifies whether new or used (but must be new to you), and also regardless of whether it was purchased outright, leased, or financed. (Learn More..)