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Buying vs. Leasing Equipment: Which Is Right for Your Business?

Leasing Equipment

Although there’s no universal “right” choice, many businesses that formerly leased assets are deciding to buy them, primarily to take advantage of expanded Section 179 and bonus depreciation deductions.

For tax years starting in 2018, the Tax Cuts and Jobs Act (TCJA) provides new and improved tax incentives for buying new and used business equipment. But leasing still offers benefits for some taxpayers. Here are some important considerations when deciding whether to buy or lease equipment. Read more