It gets late early out here.Yogi Berra
Were you planning on waiting until later in the year to purchase equipment and take advantage of Section 179 write-offs? This recent article by Chris Fletcher in Green Industry Pros warns us that time is running out because although you have until December 31 to make these purchases, that is also the deadline to put the equipment into service.
In a “normal” year this might not pose a problem, but with 2021’s continuing supply chain issues, if buyers wait too long they may be able to purchase the equipment by year’s end, but getting it on-site and in operation could pose an obstacle to getting the tax savings.
Read the article: Buy Early in 2021 So You Don’t Miss Out on Section 179 Tax Deductions