For 2021, the IRS is granting one of the most generous tax deductions in years for equipment purchases under $3,670,000! This can apply to your GPS equipment purchase as well as other office equipment. Using Section 179 to purchase your equipment can provide you with at least a significant tax savings on your purchase as well as other equipment purchases totaling less than $3.67 million. The write-off also applies to purchases under the FieldLogix Service Term program.
Use our Section 179 Tax Savings calculator to estimate your GPS equipment deduction & savings
This is for illustrative purposes only. Please consult with a tax professional prior to making purchase decisions.
Section 179 Website
Section 179 form & Instructions – IRS Website