Manufacturing Safety Upgrades | Fire Sprinkler System Tax Deductible

Written by Beth Faris | Jan 6, 2022 12:31:00 AM

The CARES Act tax incentives begin to phase out in 2023. Contact PSI today to learn more about upgrading your fire and life safety systems and how to take full advantage of the deductions in the CARES Act.

There has never been a better time to retrofit or upgrade your life safety systems thanks to a significant tax incentive included in the CARES Act.

Section 168 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows a 100% deduction for the full amount of equipment and labor costs associated with qualified improvements to the interior of a commercial building.

You can now fully deduct upgrades to your fire alarms, fire sprinklers, special hazard systems, and security systems in the first year the equipment is in service—giving you accelerated cash savings.

To be eligible for the full deduction, the equipment must be put into use after September 17, 2017, and before January 1, 2023. Don't miss this chance to upgrade your life safety systems with maximum tax savings.

PSI can help you take advantage of this opportunity as part of a comprehensive life safety plan for your business. Contact us today to schedule your free consultation.

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