How to Benefit from Section 179 Tax Incentives

Investing in Equipment Now Can Payoff in Big Tax Savings

•     For buying or leasing equipment, $1 buyout leases qualify
•     Application Only Fast Track Finance Program for up to $500,000
•     We are manufacturing specialists

$1,160,000 Write-off

The Section 179 tax deduction allows small manufacturing companies to deduct the first $1,160,000 of equipment purchased from their taxable income. For companies purchasing (or leasing – with a $1.00 Purchase Option Lease)  up to $2,890,000 of equipment, this deduction is available in full. The deduction phases out dollar-for-dollar from $2,890,000 to $4,050,000 and is not available for companies purchasing over $4,050,000.

80% Bonus Depreciation

The Law also allows 80% “Bonus Depreciation” on equipment placed in service during the year for which you are filing. This 80% “Bonus Depreciation” can be taken on new or used equipment. Note, you should always consult your accountant prior to making any purchase based on tax consequences.

FREE Section 179 Deduction FACT SHEET BY MFR

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