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IRS Section 179 allows a business to fully deduct the cost of purchased equipment as an expense for the year it was purchased in instead of requiring it to be capitalized and depreciated. With short underwriting times and quick document turnarounds, we can help you get equipment into service before December 31st and thus meet the Section 179 requirements. ​First Citizens Bank is not a tax advisor. Consult with your professional tax advisor and ensure this deduction is the right decision for your business
Category: Financial Services