Start Planning Early to Maximize Tax Savings for Your Business!
The Section 179 tax deduction limit is set at $1,220,000 for all of 2024. Businesses like yours will be able to deduct the full cost of business essential equipment purchased/financed in 2024 up to $1,220,000*. This includes both new and used equipment purchased and placed in service. Section 179 can provide you with a tax relief for the 2024 tax year, but your equipment must be purchased/financed and in place by midnight of December 31st, 2024.
Below is a summary of the main benefits of Section 179 for financing equipment:
- Equipment deduction limit up to $1,220,000
- Bonus depreciation is set at 60% for equipment acquired and placed in service in 2024
- Section 179 applies to both NEW or USED equipment financed in Fiscal year 2024
Calculate your estimated Section 179 tax savings:
If you’re already familiar with Section 179 and require fast and efficient financing before the year-end, we offer a simple online application process.
Fill it out now to secure the financing you need.
*Please consult your tax consultant/accountant to fully understand the benefits and implications of Section 179.
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FINANCING FOR YOUR BUSINESS
Looking to add new equipment to your business? AP provides fast, flexible, knowledge-based financing programs, resulting in your equipment coming to you even faster!
FINANCING FOR YOUR CUSTOMERS
Increase your sales by providing flexible financing options for your customers. AP’s industry specialists know your market, product and services, and work with you and your customers to find the best financing solutions for their business.