Buy Now, Reduce your 2018 Taxable Income (Section 179 to the Rescue!)

dollar-943737_1920To recognize tax savings through Section 179 for 2018, your new (or used!) equipment must be purchased and placed into service by 12/31/2018. 

January 2, 2018, was a great day for your business. That’s because H.R.1, also known as The Tax Cuts and Jobs Act, was signed into law, and it created a new opportunity for you to add equipment to your fleet.

How, you ask?  Well, H.R.1 offers some pretty significant TAX SAVINGS, which drive down your cost of ownership. See the example graphic. We’re talking real money…  Of course, we’re also talking real investment:

The Section 179 Expense Provision allows a deduction up to $1,000,000 with a $2,500,000 cap on expenditures for new and used equipment purchases. What’s more, through 2022, the Bonus Depreciation is 100%. And if all of that doesn’t give your inner-accountant itchy fingers, the bonus depreciation includes USED equipment.Remember: This information should not be considered tax advice. Contact the IRS and your tax advisor for details. Read more details at Section179.org.

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