November Used Equipment Spotlight
With just a month and a half to take advantage of Section 179 tax savings Norris Sales has added additional used equipment to our online listings to help set your company up for success in 2021.
What is Section 179?
Section 179 of the IRS code allows businesses to deduct the full purchase price of qualified capital equipment up to $1,040,000 during tax year 2020. Your use of this deduction is unaffected by any COVID-19 assistance your organization has used, such as from the Paycheck Protection Program (PPP).
*Norris Sales Company, Inc. is not providing financial advice. Please consult your tax professional in advance to determine your company’s tax liability on equipment purchases.