I-80 Equipment reminder that December is the deadline for Section 179 tax write off
I-80 Equipment has been promoting Section 179 through the 4th Quarter of 2016. We feel that this is a great opportunity for small businesses to invest in capital equipment while at the same time realizing huge tax savings. Ironically, not every business owner is familiar with this accelerated depreciation which is why I-80 Equipment wants to make sure that no one misses out on this valuable opportunity.
The best part about Section 179 is that the equipment purchased does not have to be new, just as long as it’s new to you. Used Commercial Trucks qualify for this program and as long as the equipment is placed into service by December 31, 2016, it qualifies for this depreciation.
It’s important to take advantage of this limited savings now if you are considering a capital equipment purchase for the current fiscal year. It must be noted that since the inception of the small business tax credit, each subsequent year’s allowable write off amount has decreased. This is why it’s even more important to take advantage of Section 179 now as it could eventually be phased out or significantly reduced in the years to come.
I-80 Equipment has worked with several small business owners over the years to help them realize this tax benefit. In addition, there doesn’t have to be any out of pocket expense for your small business. We will work with you and provided you qualify, we can get you 100% financing on your bucket truck or digger derrick purchase. I-80 Equipment has several finance partners that we work with so you can be assured that you are getting the best interest rate and payment for your vehicle. Additional options available include leasing your equipment which also qualifies for the Section 179 write off.