Section 179 Tax Break Renewed Retroactively for 2014
The New Year is almost here and if you've been suffering from a less than perfect sounding room, there is still time for U.S. taxpayers to take advantage of the Section 179 depreciation deduction for equipment including Acoustic Panels, Acoustic Art Panels, Corner Bass Traps and more before 2014 comes to a close.
Simply put, Section 179 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 qualifying equipment, you can deduct the full purchase price from your gross income. Taking this deduction isn’t mandatory, but if you don’t take it for the year the equipment is purchased, you don’t get another chance.
This means if you order by 11:59 p.m. Wednesday, Dec. 31, you can get the benefits in time for your 2014 taxes.Pair that with FREE SHIPPING ON ALL PRODUCTS and our LIFETIME GUARANTEE and there is no reason for you to continue to suffer with a less than perfect acoustically treated environment!
Example... Using a $25,000 equipment cost for a sample calculation shows how taking advantage of the Section 179 Deduction can significantly lower the true cost of the equipment purchased, financed or leased. In the example, $25,000 in equipment purchased has a true cost of $16,250. That's $8,750 added to your bottom line.
Of course, this is just a friendly reminder. Please see your individual tax or financial adviser for professional advice relevant to your particular circumstances. And for more information please visit www.section179.org.