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Understanding the Section 179 Tax Deduction for Qualifying Equipment


When you make a decision to purchase or finance a property, like for example a piece of qualifying equipment, you can get tax deductions for buying and using those pieces of equipment, which can also be referred to as depreciation. Depreciation simply means a reduction in the value of an asset (like equipment) within a period of time it is being used.

Tax Codes May Provide Tax Deductions

Tax codes may seem confusing, however, these codes are created to help individuals and businesses better understand specific tax rules and laws, while explaining in detail how they apply in different scenarios. So what exactly does Section 179 tax code mean and how could it benefit you? This section allows individuals and businesses to deduct the entire purchase price of qualifying equipment that you purchased or financed during the tax year. That means if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL purchase price from your gross income. This tax code is simply an incentive created by the U.S. government to encourage businesses and the community to invest in themselves by purchasing equipment related to their specific trade.

Qualifying Equipment

Discover the leading innovations in today’s concrete polishing and epoxy coatings industry with a robust piece of qualifying equipment. Our powerful selection of concrete flooring equipment can transform your old or new concrete floors into elegant surfaces, both interior, and exterior. Concrete flooring is favored worldwide for its simplistic beauty and for the expectation of achieving a spectacular shine. By using innovative flooring equipment, reliable tooling, and the proper supplies, while following the necessary steps, you will accomplish a lustrous, exquisite looking floor finish. Then at the beginning of the year when you are doing your taxes, utilize the Section 179 Tax Deduction to deduct the full purchase price from your gross income. Listed below is a series of qualifying equipment:

Concrete Surface Prep Floor Grinding and Polishing Equipment


Janitorial Surface Maintenance and Floor Care Equipment


Dust Collecting Vacuums and Extraction Equipment


Surface Scraping and Floor Removal Equipment


Equipment Financing for Small Business

Having the proper tools and reliable equipment for the job site can make the difference between winning and losing a bid. To win more bids and more business, you need to upgrade or replace the equipment needed to perform your daily tasks efficiently and safely. Contractor equipment is expensive and large, however, and it’s not always possible to pay upfront for new equipment.

Whether you’re looking to replace old equipment or upgrade to new technology, Our financing options offer you a variety of flexible payment options and customizable plans that best fits your operating budget. As a business grows in any industry, upgrades on equipment are necessary and cannot be avoided. We also offer options to add or upgrade equipment at any point during your financing term so you can work at ease.

Secure equipment quick and easy with Xtreme Polishing Systems concrete surface preparation and polishing equipment financing options. Upgrade your equipment and free up working capital in the process. One of the greatest obstacles of starting a new business, or owning an existing business, is constantly having to invest in, and upgrade your flooring equipment, especially in such an ever-changing industry such as concrete surface prep. Equipment financing helps individuals finance up to 100% of new or used equipment for your precise business needs. Apply Today!

Resources, Guidance, and Support

Concrete around the world has been long dominating industries, particularly flooring because it's able to deliver such exceptional durability, requires little maintenance, and ultimately presents a simply pleasant, yet beautiful appearance. Xtreme Polishing Systems supplies the industry with professional and innovative flooring equipment, powerful tooling and accessories for concrete surface prep, epoxy coatings, and polished concrete installations, as well as architectural products for decorative concrete applications. Our industry professionals have trained accordingly with our products and are able to provide you with the fundamental guidance and customer service necessary when accurately preparing and executing a concrete surface.

The experts at Xtreme Polishing Systems understand that every concrete surface can variate in properties, therefore each project must be treated differently. We’re here to guide you in the proper direction, so call us at (877) 958-5732 with any questions that may regard ‘Understanding the Section 179 Tax Deduction for Qualifying Equipment‘ or visit our website and browse our extensive selection of concrete and epoxy products today. Whether you’re a general contractor (flooring, concrete, masonry, home improvement, etc.), small business, DIY’er, craftsmen, new or existing business, renovator, artisan, or homeowner, our exquisite product selection and extensive industry experience will assist you every step of the way, from start to finish.