Using a Section 179 Tax Deduction

from Making It Simple · host Lawson Screen and Digital Products, Inc.

David Landesman, co-president of Lawson Screen and Digital Products advises how a Section 179 Tax Deduction could help a business owner in the screen printing and digital imaging industry save money. Everyone likes to save money, so utilize the Section 179 Tax Deduction to achieve this. This deduction is used capitol expenditure, for example, screen printing equipment. As of 2017 the deduction limit is $500,000. A Lawson automatic screen printing press, a flash dryer unit, and a screen printing conveyor dyer is under $30,000. How to make money using this deduction: Take your capitol expense x(times) your federal tax bracket = total tax savings, which are 100% deductible at the end of the year.

Episode metadata supplied by the publisher feed · Published Feb 23, 2017

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Using a Section 179 Tax Deduction

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