Take Advantage Of Section 179 IRS Tax Code Provisions: Purchase A Laser Or Ultrasonic System From LaserLinc

TLAser260™ laser micrometer measuring multi-conductor cable (left); measurement window for UltraGauge+™ ultrasonic measurement system showing 2-layer product in process (right).

LaserLinc provides some of the best hardware and software measurement solutions on the market, and we back them up with a four-year warranty, parts and labor, on all of our laser scan micrometers, the digital signal processor for our UltraGauge+, and our new µLinc™ processor. Plus, we offer free lifetime technical support.

But capital investment is expensive. A company has to weigh the costs and benefits of each purchase. To help make investment in capital equipment to measure, control, report, etc. much more affordable, the IRS has raised the deduction limits on qualifying equipment purchased in 2011.

For example, on a purchase of of an UltraGauge+ system including 20 MHz transducers and a Triton330™ three-axis laser micrometer, you would spend approximately $42,820. On a Triton330 with Total Vu software’s Advanced SPC option, you would spend approximately $14,300. As long you have not already spent $2,000,000 in 2011, you can deduct 100 percent of the purchase price in 2011. If you have already spent $2,000,000 in 2011, you can still take full depreciation for 2011.

Equipment must be put into use before December 31, 2011.

According to the website Section179.org: “Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year...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.”

The 2011 deduction limit is $500,000 (up from $250,000 previously) and the 2011 limit on equipment purchases is $2,000,000 (up from $800,000 previously).

There is also a bonus depreciation of 100 percent that can be taken after the $500,000 deduction limit is reached. Bonus depreciation is only for new equipment. This deduction can be taken by businesses that exceed $2,000,000 in capital equipment purchases.

With or without tax deductions, we think you will see that LaserLinc equipment is ALWAYS a good investment for your production line. Another way to assess the feasibility of equipment purchases, regardless of tax deductions, is to try our return on investment calculator.

More information is available from the IRS here. We suggest consulting a tax specialist before purchasing or applying deductions. LaserLinc is NOT qualified to provide tax advice.

For more information about any of the products and features listed here, contact us via our website, email, or call us at 937 • 318 • 2440 or toll-free 888 • 707 • 4852.