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IRS Section 179: Did You Know?
Posted on 11/30/2011 by Wyn Partington | 0 Comments
Did you know that you can save on your GPS fleet tracking purchase? IRS Section 179 allows businesses to receive a tax deduction on equipment and software purchased in 2011.
If you have been thinking about implementing a fleet tracking solution within your organization, now is the perfect time! While we consider ourselves your GPS fleet management expert, click here for the full guidelines of Section 179.
The main point of IRS Section 179 is you are eligilble for up to $500,000 in tax deductions on new and used equipment, including software. There is also a first year depreciation once you hit the $500,000 deduction limit. The year is coming to a close...act now to take advantage of the savings.