
2020 has been an unpredictable year, to say the least, but you know what hasn't changed? The fact that you can still rely on a handy piece of IRS tax code to save on gear before the end of the year. That's right, we're here to talk about
Section 179.
When planning out the scope of your studio for 2021, studio owners can take advantage of Section 179 to make large purchases before the end of December and deduct the price of their new gear from their 2020 gross income.
You may be thinking, "I got into studios to avoid hard math," but Section 179 really isn't as complicated as you may think. In fact, it's actually quite simple and the savings can have a drastic effect on your bottom line. Let's dive into talking about Section 179.
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