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Section 179:
The Big Tax Break for Small Business

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Thanks to Section 179 of the IRS tax code, upgrading equipment may cost less than you think. Rather than taking a depreciation tax deduction over a number of years, you can deduct the full cost of qualifying equipment the year you buy it.
Thanks to Section 179 of the IRS tax code, upgrading equipment may cost less than you think. Rather than taking a depreciation tax deduction over a number of years, you can deduct the full cost of qualifying equipment the year you buy it.
APPLY NOW

Quick facts on Section 179 savings

When you file your taxes, you can deduct your equipment costs from your profits. Talk to your tax advisor about the facts and benefits which include…

  • Maximum deduction of $1,220,000 for 2024 (A 60K increase from 2023)
  • Ability to deduct just about any type of machinery
    and equipment used for business
  • Applies equally to equipment that’s fully or partially financed

You can find the most recently published rules for the Section 179 deduction on page 15 IRS Publication 946

As with any tax rules, you should consult with your CPA or Tax Advisor to determine applicability to your specific equipment purchase and business situation.

Blue Bridge Financial is a part of the Independent Equipment Dealers Association.

Dave Cashmore

Dave Cashmore joined Blue Bridge in early 2021 as a Credit Manager, swiftly ascending to the position of Senior Director of Credit. In March 2023, Dave embarked on a new chapter as the Senior Director of Broker Relations. Leveraging his extensive credit expertise and a keen understanding of sales, Dave excels in cultivating robust relationships with the brokers collaborating with Blue Bridge. He collaborates closely with the portfolio and credit team at Blue Bridge to design innovative programs aimed at expanding the company’s market presence, all while maintaining a resilient portfolio for Blue Bridge. Graduated with a bachelor’s degree from SUNY Albany in Actuarial Science and Mathematics.

Janessa Brown

Janessa Brown joined Blue Bridge in September 2021 as a documentation specialist. In her initial position, Janessa was not only a top performer in her day-to-day duties but was also able to utilize her prior experience to take a significant and proactive role in refining and restructuring our docs and funding processes. Her commitment to efficiency is what led to her eventual promotion to Director of Vendor & Direct Operations. Janessa and her team are now responsible for covering west coast funding accounts, managing client and vendor relationships, and continuous oversight of processes to optimize performance and offer better service for our customers and partners!