What is the Section 179 Tax Deduction?

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.

Do I qualify?

All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2021 should qualify for the Section 179 Deduction (assuming they spend less than $3,670,000).

Do Collaborative Robots (Universal Robots) qualify?

YES!

I am unsure of my application. Are consultations available?

Yes! Our expert team of robotic engineers and specialists are offering free consultations in your facility to determine the best fit for your application. We can help you review your automation process and get you up and running as quickly as possible.

What’s next?

Schedule a consultation with our experts today!