Section 179 of the US tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage businesses to buy equipment and invest in themselves.

For the 2011 tax year, Section 179 of the US tax code allows businesses to write-off up to $500,000 in depreciation on new equipment in 2011 with bonus depreciation increased to 100% on qualified assets (new equipment only).

Now is the time to purchase an IPG fiber laser, fiber laser system or retrofit your old laser source with a new energy-efficient fiber laser. The U.S. Government has sent some stimulus your way in the form of the Section 179 deduction under the Tax Relief Act of 2010 and The Jobs Act of 2010. Please check the Section 179 website for more details as available.

Calculate your energy savings from a fiber laser here.

Disclaimer: This is not tax advice. Consult your tax consultant for tax advice and the applicability to your business and circumstances. Any advice contained in this document was not intended to be used, and cannot be used, by you (or any other taxpayer) to avoid penalties under the Internal Revenue Code of 1986, as amended.