Buying Business Equipment? How to Save on Taxes

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A friend asked: “I want to buy a piece of equipment for my business. The manufacturer told me that I could take aSection 179 deduction to lower my business taxes. What do I need to know about this deduction? How will it save on my business taxes?”

Good question. There are several factors you need to know about when you consider buying equipment that can affect your business tax savings.

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