Section 179 of the Internal Revenue Code permits businesses, including construction contractors, to deduct the cost of qualified equipment and software from their taxable income in the year it was purchased. The amount that can be deducted under Section 179 is limited; however, sums beyond that limit may be eligible for a "bonus depreciation deduction."
Explore how AI is revolutionizing construction—from smarter bidding and automated takeoffs to real-time safety monitoring and predictive scheduling. This guide breaks down key AI concepts and showcases tools that enhance efficiency, safety, and profitability.
Read MoreIn 2025 contractors can expense up to $1.25 M of equipment via Section 179 and deduct 40 % bonus depreciation on the balance. Learn which assets qualify, how to time deliveries, structure leases, avoid phase-outs, and document everything to turn tax rules into real cash-flow gains.
Read Moreiscover the top construction industry organizations to join in 2025. From AGC and ABC to NAHB and CFMA, this guide breaks down the benefits of each group, helping contractors, subcontractors, and professionals grow their network, stay informed, and gain industry support.
Read MoreDiscover the top 10 accounting practices every homebuilder needs for profitability and growth, from stable Charts of Accounts to automated AP processes. RedHammer provides expert guidance and customized solutions to streamline your financial operations and enhance profitability.
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