
Save Big on Tax Deductions with Section 179 at Bob King Buick-GMC
If you're a business owner in Wilmington NC looking to purchase new or used vehicles or equipment, the Section 179 tax deduction can provide significant savings. 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.