Still time to take tax deduction on 2014 business computer purchases (deadline 12/31)

IRS Form 4562 for claiming a Section 179 tax deductionExcellent news for businesses: President Obama approved the extension of Section 179 to 2013 levels (as part of a larger tax extensions bill).

So what does that mean? Just this: Business owners will be able to deduct up to $500,000 worth of qualifying equipment and property* that were bought (or financed) and put to use in their business during 2014. That means you still have time to purchase new (or pre-owned) Macs, PCs, printers, all-in-ones, or iOS devices from Connecting Point and receive this deduction. Connecting Point can even deliver and install the new equipment for you.

But don’t delay: the deadline is December 31st (and please remember we’ll be closing at 5pm on that day).

*Many types of equipment and property qualify for the Section 179 tax deduction. Consult with your accountant or other trusted tax advisor to discover if the equipment you are considering is eligible.