Don’t Miss Out on 2023 Tax Deductions

Now is the time to invest in the future of your business. With the IRS Section 179 tax incentive offers for 2023, you can save big on new equipment including Stratasys, Creaform, Artec, Velo3D, Xact Metal, DyeMansion, and PostProcess Technologies.

Section 179 Overview

Deduction Limit for 2023: $1,160,000
This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2023, the equipment must be financed or purchased and put into service between January 1, 2023 and the end of the day on December 31, 2023.

2023 Spending Cap on Equipment Purchases: $4,050,000
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” (because larger businesses that spend more than $3,780,000 on equipment won’t get the deduction).

Bonus Depreciation: 80% in 2023
Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is available for both new and used equipment.

Tax Deduction Calculator
Are you considering whether or not to purchase or lease equipment in the current tax year? This Section 179 Deduction Calculator for 2023 may very well help in your decision, as Section 179 will save your company a lot of money.

To calculate your savings, here is a link to the Section 179 Calculator (Official 2023 Section 179 Calculator |Section179Org). Consult your tax professional for a full understanding.

Bonus savings from GoEngineer
Maximize your savings by taking advantage of one of our current promotions for 3D Printing (Stratasys Promotions | GoEngineer) and 3D Scanning (3D Scanning Promotions | GoEngineer) Equipment.