If you’re considering adding Collaborative Robots to your operation, don’t miss this opportunity for 20% savings (or more!) for all equipment put into service before the end of 2020.
What is Section 179?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease, or finance) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves – and this can result in a BIG savings (commonly 21% or more, depending on your tax bracket) for a robotics project!
That’s right. You can deduct the full project amount, even WITHOUT paying the full amount this year, if you choose to Finance.
- Calculate Finance Terms with Monthly Payment Terms Calculator
- Calculate Section 179 Savings with Savings Calculator
- Fill out Online Credit Application at Ascentium Capital
- Get leasing and financing information at Ascentium Capital
- Get detailed information at Section179.org
If you’re looking at a $50K automation project (a cobot and some simple accessories, for example) this is like getting $10K back. The only caveat is you have to put it in service (in at least some capacity) by December 31st. Good news… UNIVERSAL ROBOTS ARE IN STOCK TODAY! Most users are up and running within a week for simple tasks.
Contact us today to schedule a robot demo, get a quote, or to discuss your application(s) in more detail ASAP.