Tax Incentives

Invest and Save with SECTION 179

Businesses purchasing qualifying equipment in 2017 may immediately expense up to $500,000 of the new or used equipment costs uder the "Protecting Americans from Tax Hikes Act of 2015"

Section 179 has been made a permanent deduction at the $500,000 level.   If a business' total qualifying equipment purchases exceed $2 million in a given year, the Section 179 deduction will begin to phase out dollar-for-dollar.  Section 179 maximums will be indexed for inflation in $10,000 increments in future years.

Bonus Depreciation has also been extended through the year 2019.  In 2016 and 2017 businesses will be able to depreciate an additional 50% of "new equipment only purchases", once the Section 179 deduction has been exhausted.  The bonus depreciation amount will be reduced to 40% in 2018, and reduced to 30% in 2019.

There is no better time than now to take advantage of this excellent tax incentive.

**Always check with your accountant to confirm eligibility for tax benefits.