Take advantage of the NEW $1 million tax benefit by investing in security and life safety measures
Beginning in 2018, the Tax Cuts and Jobs Act has created new tax incentives for security and fire protection systems that will allow qualifying businesses to deduct up to $1million in costs. This tax code provides incentives for businesses to invest in new security, fire protection, and alarm systems to encourage businesses to make capital investments.
The Security Industry Association (SIA) worked with industry groups to expand deductions under Section 179 of the IRS tax code, which empowers businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. The revised tax code permanently expands eligibility for deductions to fire protection, alarm, and security systems, along with other equipment, placed in service in 2018 and beyond.
Contact us today to speak to a security consultant and find out if you qualify!