See, the one clause is that you must have purchased the equipment or software and put it into service by the end of the day on December 31.
That means you only have XX days till the deadline. And Christmas will slow things down.
Not only that – we still see supplies of hardware hugely disrupted by the virus (the supply chains never got back to normal this year). It’s always challenging to get hold of some specifications or pieces of equipment.
If there are more lockdowns next year and you want to source hardware then, not only will you have lost these tax benefits, but the technology you want might not be available.
So, if you can see any need at all to purchase new hardware, technology, or software in the next few months – act now, and benefit from Section 179.