Take advantage of substantial tax savings under Section 179 again this year. Manufacturers that purchase, finance, and/or lease new business equipment during tax year 2021 should qualify for the Section 179 Deduction.
The Section 179 deduction limit for 2021 was raised to $1,050,000 with an equipment spending cap of $2,620,000. This is a slight increase from the 2020 Section 179 tax deduction which was set at a $1,040,000 limit with a threshold of $2,590,000 in total purchases.
Using the Section 179 deduction, you can write off the entire purchase price of qualifying equipment up to the deduction limit.
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. That means if you finance a piece of qualifying equipment, you can deduct the full purchase price from your gross income.
Matsuura Machinery USA, Inc. has many machines available to ship by year-end. Please contact your exclusive Matsuura Distributor. To locate your local distributor, please visit: HERE.
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.