What is Section 179 and How Can It Save You Money?
Section 179 is a business-friendly tax incentive designed to help companies like yours invest in new equipment. With this law, you can deduct the full purchase price of qualifying equipment, such as DTG (Direct-to-Garment) and DTF (Direct-to-Film) printers, from your taxable income during the year of purchase.
Instead of spreading out deductions over several years, Section 179 allows you to realize the savings immediately, helping to boost your bottom line while upgrading your equipment.
How Section 179 Works for DTG/DTF Printers
Here’s how Section 179 can save you money when you invest in a DTG or DTF printer:
- Purchase and Use Your Printer: To qualify, you must purchase and begin using your printer, such as the Epson F2270 or X2 DTG/DTF Printer, by December 31 of the current tax year.
- Claim the Deduction: When filing your taxes, deduct the full purchase price of the printer from your taxable income.
- Enjoy Immediate Savings: Depending on your tax bracket, this could save you thousands of dollars on your tax bill.
For example, purchasing a printer for $15,950 and being in a 35% tax bracket could result in a tax savings of up to $5,582.50. That’s money back in your pocket while you invest in growing your printing business!
Why Invest in a DTG/DTF Printer Now?
The end of the year is the perfect time to take advantage of Section 179. With the holiday season ramping up, adding a DTG/DTF printer to your business can help you meet increased demand while maximizing your tax savings before the year ends.
Don't miss this tax deadline to save.
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