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What Are The Details Of Section 179 Federal Income Tax Deduction?

The 179 Federal Income Tax Deduction has the potential to save you thousands while creating opportunities for expansion and savings. File for this deduction and benefit from your robot purchase. 

$500,000 Tax Write-Off: 

IRS has changed the tax deduction to $500,000 from your taxable income of new or used equipment purchased in 2017. This means you can write off up to $500,000 in equipment purchased OR leased in 2017.  


Section 179 can provide you with significant tax relief for this 2017 tax year, but equipment and software must be financed and in place by midnight December 31, 2017

2017 Spending Cap on equipment purchases = $2,000,000 

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive".

50% Bonus Depreciation 

This will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.

 2017 Section 179 Tax Deduction Calculator for Robotic Equipment

Contact a RobotWorx sales associate at 740-251-4312 for more information.