By Turner Roofing Company
At Turner Roofing Company, we pride ourselves on being experienced roofing professionals. However, we are not tax advisors or financial consultants. The following information is intended to provide insight into how IRS Section 179 may impact investments in roof maintenance or replacement for your commercial property. For personalized guidance, we recommend consulting with a qualified tax professional.
What Is Section 179?
Section 179 is a tax provision that allows businesses to deduct all or part of the cost of qualifying property and equipment in the year it is purchased or put into service, rather than spreading the deduction over many years through depreciation.
Are Commercial Roof Maintenance and Coatings Tax-Deductible?
Many commercial property owners hesitate to invest in roof maintenance, upgrades, or replacement due to financial concerns. Fortunately, updates to the IRS tax code under Section 179 provide an opportunity for these expenses to beconsidered tax-deductible.
Section 179 specifically includes improvements to nonresidential real property, such as roofs, HVAC systems, fire protection, alarm systems, and security systems.
What Does This Mean for Qualified Commercial Property Owners?
Section 179 enables commercial property owners to deduct the full cost of a roof replacement in the year it is installed, rather than depreciating the expense over nearly 40 years. As of 2022, the deduction limit was set at $1,080,000.
Additionally, this deduction may also apply to commercial roof maintenance, including routine inspections, repairs, and minor or significant maintenance work. Maintenance and repair costs can be fully deducted in the year the work is completed.
According to the IRS, routine commercial roof maintenance includes:
- Repairs or maintenance required to maintain normal condition and operating efficiency
- Repairs or maintenance due to regular wear and tear
- Repairs or maintenance caused by unique business operations
- Repairs or maintenance performed more than once during a 10-year period
IRS Section 179 deductions may also extend to other qualifying equipment and property additions. For specific details on eligibility and how this applies to your business, consult with your corporate tax professional. Keep in mind that tax rules and deduction limits are subject to change, so expert advice is essential.
Benefits Beyond Taxes
Beyond the financial incentives, investing in routine roof maintenance and timely repairs can significantly extend the lifespan of your commercial roofing system. Regular care can extend a roof’s service life by as much as 60% compared to systems that are neglected and only repaired when issues arise.
Roof coatings, for example, can add years of durability to your existing roof at a fraction of the cost of a full replacement. If your roof is structurally sound but in need of repairs, contact Turner Roofing Company to explore cost-effective roof coating solutions. Then, consult your tax advisor to see how you can deduct the expense.
Why Choose Turner Roofing Company?
Turner Roofing Company provides expert commercial roofing services and is recognized as a leader in the roofing industry. Contact us today for a professional roof assessment and a detailed quote to see if your commercial roof qualifies for IRS Section 179.
Let us help you protect your investment—and potentially save on taxes—by keeping your commercial roof in optimal condition!