Wednesday, December 30, 2015

Take Advantage of Section 179 Tax Savings on all New and Used Construction Equipment Before the Year is Done

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You Could Save Tens of Thousands of Dollars by Buying Equipment Before 12/31/15

When you purchase by 12/31/15

Here's how

Spend up to $2,000,000 on equipment by December 31st, 2015

Section 179 deductions of up to $500,000 and 50% bonus depreciation are available for purchases through 12/31/15*
  • Deduct up to $500,000 of the purchase price of a new machine this year
  • Bonus depreciation is 50% of the remaining cost after write-off on a new machine
  • Apply the additional standard depreciation of 20% per year over five years
  • Read more about Section 179
* This information should not be considered tax or legal advice. Contact the IRS or your tax adviser for additional details.

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