TAX ALERT: Beginning in 2018, qualifying businesses can deduct the costs of new security and fire protection systems, up to a total of $1 million under Section 179, which were not eligible prior to the new law.
Equipment purchased, financed or leased must be within the specified dollar limits of Section 179, and the equipment must be placed into service in the same tax year that the deduction is being taken. Recovering large expenditures such as equipment and security systems more quickly can help growing businesses improve cash flow and expand their capital assets.
Learn more in SIA's Tax Factsheet
