Section 179 Deduction: Take Advantage of Tax Savings on Software
Section 179 is a valuable tax deduction opportunity that is sometimes missed in the hustle and bustle of the end of the year.
A Section 179 expense is a business asset that you can write off immediately instead of depreciating it over time.
Things like office furniture, computers, some vehicles, and software are typically considered deductible expenses.
For example, if you prepay for a year of TouchMD or Nextech (or both!) before the end of this year, you may be able to deduct the entire cost when you file taxes next year.
This means you can take an immediate deduction on the full cost of TouchMD for your taxes this year instead of waiting until next year when the value decreases.
Ask your accountant for more details on this deduction, and if you’re ready to end 2023 with an exclusive special on TouchMD, schedule a 15 minute demo here.