What are the tax benefits of buying equipment?

Answer

Owning equipment has many benefits when it's time to file taxes. Some states allow you to depreciate equipment completely if bought within a certain period. This helps if you're profitable. Other states allow you to depreciate equipment over time. If done properly, this can help you turn a difficult tax year into a new direct-to-garment or embroidery machine. Talk with an accountant to get the full list of tax benefits. 

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