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Section 179

Section 179

Your Tax Dollars at Work to Save on Capital Equipment Purchase

Tax Section 179 has been expanded and will be permanent at the $500,000 level.

Businesses exceeding a total of $2 million of purchases in qualifying equipment will have the Section 179 deduction phase-out dollar-for-dollar and completely eliminated above $2.5 million. Additionally, the Section 179 cap will be indexed to inflation in $10,000 increments in future years.

50% Bonus Depreciation will be extended through 2019.

Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.

The deadline is December 31, 2016. That’s when the new equipment or software must be up and running for you to take advantage of the deduction.

Please consult your CPA or Tax Accountant for further details.

Finance program

  • Improve Workflow & Efficiency
  • Capture 2016 Tax Benefits
  • No Payment for 90 days
  • Program Based on:
    • 3, 4, or 5 year term
    • 100% financing
    • Last payment in advance
    • $1.00 Purchase Option
    • Subject to credit approval
    • Program ends 12/31/2016

Example

Section 179

What qualifies

  • Property attached to your building that is not a structural component of the building (i.e., a printing press, etc.)
  • Software
  • Computers
  • Business vehicles weighing in excess of 6,000 pounds
  • Office furniture
  • Office equipment

Learn more

>> Visit our Equipment Financing Page