Section 179 tax deduction infographic from Balboa Capital. This infographic has helpful information about the Section 179 tax deduction. Find out what the current deduction limit is, along with the newly expanded bonus depreciation limit.

1. Tax Deductions Ahoy!
What small business owners
need to know about the
Section 179 Tax Deduction
The Section 179 Tax Deduction limit
on qualifying business equipment
$500,000
Sea of Savings
The phase-out threshold on
qualifying equipment purchases
$2 Million
First-year bonus
depreciation in 2017
50%
First-year bonus
depreciation in 2018
40%
Determine Your
Equipment Needs
Choose equipment based on
your company's specific needs,
growth goals and budget.
1
How to Obtain a
Section 179 Tax Deduction
Before purchasing or financing any
equipment, call your accountant or
tax specialist to find out if it is eligible
for the Section 179 Tax Deduction.
Call Your Accountant
or Tax Professional2
Purchase and Use
Your Equipment
In order to take advantage of Section
179, you need to purchase qualifying
equipment and put it into service by
December 31st of the calendar year.
3
Equipment that Qualifies
Qualifying equipment, also referred to as "qualifying
property," must be tangible and depreciable, and
acquired for business purposes. Common types include:
Business vehicles
Computers
Office equipment
Machinery equipment
Off-the-shelf software
Horticulture structures
Printing equipment
Testing equipment
Tractors/trailers
Manufacturing equipment
IRS Form 4562
This is the form used
to report a Section
179 Tax Deduction
of SBOs are familiar
with Section 179
67%
of SBOs who are familiar
with Section 179 are using it
for equipment that was
acquired in 2016
of SBOs are using the
Section 179 bonus
depreciation provision for
equipment that was
acquired in 2015 or 2016
59%
75%
Top 5 types of equipment that
businesses acquired in 2016
1. Machinery equipment
2. Business vehicles
3. Computers
4. Heavy equipment
5. Office furniture/fixtures
of SBOs plan to
invest in new
equipment in 2017
80%
SBOs are Taking Advantage
of this Generous Tax Code
This infographic was produced by Balboa Capital,
a technology-driven financing company that
provides business owners with fast, hassle-free
solutions to fuel their growth and success. Balboa
Capital sent a Section 179 survey to a sample of
small business owners nationwide in December 2016.
Visit www.balboacapital.com today.