Infographic: Section 179 Small Business Expensing
HVAC Now Qualifies
The recently passed Tax Cuts and Jobs Act included a provision to allow HVAC products to be immediately expensed. Under Section 179 (26 U.S. Code § 179) Small Business Expensing, all components of a “heating, ventilation, and air-conditioning” system can be expensed in the first year instead of being depreciated over 39 years.
Information courtesy of HARDI.