Now is a great time to explore all of the ways you can save money using packaging equipment and equipment materials. Utilize the tax advantages on your 2016 costs offered by the IRS for equipment purchases completed by the end of this year. Here is the base information on that program.

Understanding the Section 179 Deduction

2015 Deduction Limit = $25,000
  • This deduction is good on new and used equipment, as well as off-the-shelf software. This limit is only good for 2015, and the equipment must be financed/purchased and put into service by the end of the day, 12/31/2015.
2015 Spending Cap on equipment purchases = $200,000
  • This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to a company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true “small business tax incentive”.
This information is an overall, “simplified” view of the Section 179 Deduction for 2015. For more details on limits and qualifying equipment, visit the following:

IPC can recommend the right equipment for your packaging processes. All you have to do is schedule an appointment with us. It is as simple as that. Many pieces of equipment that can save you money can easily be shipped, installed and paid for before 12/31. We just need to get your saving ball rolling.

While there is not a tax incentive on the packaging materials, there is still a great opportunity to find savings. Contact IPC today for more information. Checkout our year end clearance on used equipment which can increase your productivity and save your budget.