The Section 179 deduction is an effective tool to maximize your company’s financial flexibility. A part of the IRS tax code, Section 179 allows businesses to deduct the full purchase price of qualifying equipment bought or financed during the tax year. This significant tax incentive is designed to encourage businesses to invest in themselves by purchasing the equipment they need to grow, while also reducing their tax liability. Section 179 can be extremely profitable for your business, allowing you to invest in equipment, vehicles, and software while also keeping more of your hard-earned money. For a more in-depth understanding: