Tax fraud? Section 179 of the IRC allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. This deduction is generally limited to the amount of your total business income. The purpose of Section 179 is to help small businesses invest in themselves by allowing them to keep more of their money to reinvest in their business. This deduction can be a great way to save money on taxes and encourage business growth. Follow @tw