Make the Most of Your Investment with Section 179 Tax Deductions

Learn how you can benefit from Section 179 and TimeClock Plus SaaS Solutions that qualify for the deductions.

What Is the Section 179 Deduction?

Section 179 is an IRS tax code that allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed before December 31, 2019. This means if you purchase a qualifying piece of time clock hardware or SaaS software, you can deduct the full purchase price of TimeClock Plus from your gross income. It’s an incentive created by the U.S. government to encourage businesses to invest in themselves

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Tax Benefits

  • Software as a Solution (SaaS) qualifies for the section 179 deduction
  • Deduct the full purchase price of financed SaaS
  • Gain tax relief for your organization
  • Possible bonus depreciation available
  • Section 179 deadline is December 31, 2019
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How Does TimeClock Plus Qualify?

One of the most popular uses for the IRS Section 179 deduction is for business software. For the software purchase to qualify, it must meet the following criteria to be considered “off-the-shelf.” For eligibility, the software must meet all these specifications, which TimeClock Plus does.

  • The software must be purchased or financed with specific qualifying lease or loan
  • The software must be used in your business for income-producing activity
  • The software must have a determinable useful life
  • The software must be readily available for purchase by the general public
  • The software must be subject to a non-exclusive license
  • The software must not have been substantially modified

To ensure the purchase is qualified, please speak with your accountant.

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Section 179 Resources and Information

For more information or to learn more, visit the below helpful links.

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See Your Savings Potential!

Ready to see what your saving could be? Use the calculator below and see how much you may actually save in real dollars this year.

Section 179 Calculator

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* The calculator presents a potential tax scenario based on typical assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment. Please consult your tax advisor.

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