Tax-Break Promotions

Take Advantage of Major Year-end savings!

On the fence about adding a new digital textile printer to your workflow? Looking to upgrade your screen printing system but have concerns about the total costs involved with leasing? Now through the end-of-the-year, EXILE Technologies is helping businesses stretch their budgets and capitalize on massive savings through the Section 179 Tax Deduction.

This tax break allows businesses to write off the entire purchase price of qualifying equipment for the current tax year!

“Essentially, 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 that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”

Who qualifies: All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2020 should qualify for the Section 179 Deduction (assuming they spend less than $3,630,000).

When: To qualify for the Section 179 Deduction, the equipment and/or software purchased or financed must be placed into service between January 1, 2020 and December 31, 2020.

Don’t delay! Get your order in today!

More info: https://www.section179.org/section_179_deduction/