Deduct the Price of an LED Sign from Taxable Income

Are you aware of the IRS tax code Section 179 Deduction? It may allow you to deduct the full purchase price of financed equipment, such as a digital display.

Now’s a great time to place an LED sign order. This section of the IRS Tax Code may allow businesses to deduct the full purchase price of qualified equipment from their taxable income.

The purchased, leased, or financed equipment must be used in the same tax year the deduction is taken and must be with specified dollar limits of Section 179.

Customer benefits
This section of the IRS Tax Code allows businesses to deduct the full purchase price of qualified equipment from their taxable income. The purchased, leased, or financed equipment must be used in the same tax year the deduction is taken and must be with specified dollar limits of Section 179.

Even if new owners make only a couple of equipment payments, they may get the full deduction. A limited cash flow results in full tax advantage. When the owner leases or finances the equipment, tax savings may even exceed the first year’s payments. Businesses get a chance to grow and add other needed capital equipment.

December deadline

Act now! To qualify for the Section 179 deduction, new owners must buy, install, and use the display before December 31.

Involve your tax professional

Although available for all businesses, it’s a good idea to consult a CPA or tax professional to discover the business’s specific situation.

Sales resources

  • This web page also includes a calculator to check the tax write-off for 2019:

2019 Section 179 Qualified Financing For extra information, read this flyer, “Now Is the Time to Buy.”

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