Tax Deductible Office Furniture Purchases
What is IRS Section 179?
Section 179 of the IRS tax code was designed to encourage businesses to invest in themselves. The section allows businesses to deduct the full purchase price of qualifying office furniture purchased or financed during this tax year. Section 179 is one of the few government incentives available to small businesses - don’t miss out!
The 2020 deduction limit for IRS Section 179 is $1,000,000
The deduction limit for 2020 has been set at $1,000,000 and applied by purchasing new and used office furniture. This allows small businesses to write off any qualifying furniture purchase price during the year they buy it, which can make a huge difference for a small business. You can use this to purchase needed furniture right now instead of waiting.
Purchase Before November 31st, 2020
To qualify for the IRS Section-179 deduction, furniture must be in-use by December 31st, 2020. Purchase your furniture from Office Furniture Center before November 31st, 2020 to ensure that your furniture will be in-place and in-use before the deadline!
Buy More and Save More! Example Purchases with Tax Breaks
Click here to learn even more about Section 179
Pre-Owned Inventory is Tariff Free
As the new tariffs on steel and aluminium are ramped up, lead times and prices on new furniture are increasing. This means that you will have to wait longer and pay more to furnish your office if you buy from new furniture dealers.
At Office Furniture Center, we don't have this problem! This is because all of our premium pre-owned inventory is in stock and immediately available at our showroom. Don't pay the extra money for new imports. Our certified pre-owned inventory goes through a 10-point inspection so you know that you are receiving furniture that is high quality at a great price.
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Bottom Line: Don’t Hold Off on Your Next Furniture Purchase!
Now is the best time to invest in office furniture. Make sure you do not miss this opportunity to maximize the value of your furniture purchase! And Office Furniture is here to help with an unmatched selection of value priced pre-owned, new and remanufactured office furniture.