Content by Delmarva Document Solutions, AI-enhanced (ChatGPT)
If your business has been thinking about upgrading its office technology – like investing in a new multifunction printer or copier – there’s good news: you can save a lot of money at tax time, thanks to IRS Section 179.
At Delmarva Document Solutions, we help businesses across the Delmarva Peninsula take full advantage of Section 179 when purchasing or financing equipment like Xerox multifunction devices. If you’re looking for a smarter way to buy office technology, keep reading – this tax incentive might be exactly what your business needs.
What Is IRS Section 179?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment – including multifunction printers – from their taxable income in the year the equipment is placed into service.
That’s right: instead of depreciating the cost of the equipment over several years, you can deduct up to 100% of the purchase price in the same year you buy it.
This powerful incentive is designed to help small and mid-sized businesses invest in themselves – and reduce their tax liability while doing it.
What Kinds of Equipment Qualify?
The great news is that most commercial office technology qualifies, including:
- Multifunction printers (MFPs) and copiers
- Scanners and document management systems
- Print management software
- Equipment financed or leased (yes, leases count too!)
So, if you’re planning to buy or lease a Xerox multifunction device from Delmarva Document Solutions, chances are your purchase qualifies for Section 179.
Real-World Example: What Can You Save?
Let’s say your business purchases a new Xerox multifunction device for $8,000. If you qualify for the Section 179 deduction, you could potentially deduct the entire $8,000 from your taxable income for that year.
Assuming a 24% federal tax rate, that’s a tax savings of roughly $1,920 – money that stays in your pocket and lowers your actual cost of ownership.
Bonus: You can also take advantage of 0% financing or leasing programs, allowing you to write off the full cost now while paying over time.
Time-Sensitive: Use It or Lose It
Here’s the catch: Section 179 is a use-it-or-lose-it deduction.
To take advantage of it for this tax year, your equipment must be purchased and placed into service by December 31. That means now is the time to act if you want to lock in the deduction and upgrade your equipment before the year ends.
Why Buy from Delmarva Document Solutions?
At Delmarva Document Solutions, we make it easy for local businesses to get the most out of their investment:
- We offer industry-leading Xerox multifunction devices for every business size
- Our team provides personalized quotes and Section 179 guidance
- We handle installation, training, and ongoing support
- We can even help with financing and lease options to fit your budget
We’re local, responsive, and focused on helping you grow – not just sell you a machine.
Ready to Upgrade and Save?
Don’t leave money on the table. If your business is thinking about upgrading its printing and document management setup, now’s the time to make it happen – and Section 179 can help you save thousands.
Contact Delmarva Document Solutions today for a free consultation and estimate. We’ll help you find the right Xerox multifunction device for your workflow and help you take advantage of all the tax benefits available to you.
P.S. We’re not tax advisors – so be sure to consult with your accountant or tax professional to make sure you qualify. But we’re more than happy to work with them to ensure you get the equipment and documentation you need to file with confidence.
