ATTENTION BUSINESS OWNERS!
Get up to $1,000,000 in Tax Deductions.
Section 179 is not a complicated tax code, and was designed to allow businesses to deduct the full purchase price of equipment. In the past equipment would be written off a little at a time via depreciation. Most business owners would rather write off the equipment purchase price in the year they bought it, and that is what section 179 allows you to do. This tax code is more relevant to small business than ever, read on to learn why.
Section 179 Quick Facts:
1. Deduction Limit is $1,000,000
Good on new and used equipment. Equipment must be financed/purchased and put into service by end of day 12/31/2018
2. Spending Cap on equipment purchases is $2,500,000
This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to reduce on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive"
3. Bonus Depreciation is 100%
Bonus depreciation is generally taken after the Section 179 Deduction spending cap is reached. Note: Bonus depreciation is available for new equipment only.
4. Langdale Ford Commercial Trucks has End of Year Deals
Take advantage not only of the section 179 Tax deductions but also our End of Year deals on commercial trucks. Shop our inventory to see all current deals.
The above is only a small excerpt in order to provide a brief overview. For details please consult your tax professional or visit www.Section179.org