What is Section 179?

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. If you finance a piece of qualifying equipment - whether it be new or used equipment, even off-the-shelf software, you can deduct the FULL PURCHASE PRICE from your gross income. To take the deduction for tax year 2020, the equipment must be financed or purchased and put into service between January 1, 2020 and the end of the day on December 31, 2020.

What does this mean for me?

There’s no better time than the present to update or overhaul your current IT equipment. Whether you need new switches, an updated network infrastructure, or a new security system, right now is the perfect time to take advantage of the deductions before the end of the year.

D1 Networks is a Cisco Meraki Partner

The end of 2020 is nearly here, but it’s not too late to reap the benefits of Section 179. Update your business with smart products and solutions from Cisco Meraki through D1 Networks.