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Take advantage of some of these dealer financing options combined with the section 179 benefits for some real savings!

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2018 TAX CODE 179

MEANS BIG SAVINGS WHEN YOU PURCHASE EQUIPMENT

Section 179 of the IRS tax code allows businesses to deduct the purchase price of qualifying equipment purchased or financed during the tax year.  This means if you buy or finance a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE (up to $1,000,000) from your gross income.  It’s an incentive created by the US government to encourage businesses to invest in their business.

  • With the Section 179 deduction you may be able to claim the equipment you purchase for your business. The maximum amount you can claim is $1 million for 2018.
  • Most new and used equipment qualifies for the Section 179 Deduction
  • Equipment can be purchased or financed
  • 100% Bonus Depreciation for new and used equipment if equipment is purchased and placed into service by 12/31/18

As the IRS continues to release guidance regarding the new tax law, it is critical for companies to work with a skilled tax professional to ensure they’re making the best decisions for their situation.