What is Section 179 Deduction?

The Section 179 deduc­tion is an incen­tive for busi­ness owners to purchase new equip­ment. Busi­ness owners can purchase new equip­ment and use the full purchase amount as an immediate expense deduc­tion off their gross income. This deduc­tion is limited to equip­ment purchases related to opera­tions of a busi­ness. API Measu­re­ment and Cali­bra­tion equip­ment quali­fies and this year the maximum amount that can be deducted is $1,000,000.