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Wondering if it's a good time to buy?
Be sure and take advantage of these tax benefits on qualifying new and used equipment purchases made before December 31
st.
Section 179 provides the allowable deduction limit of $510,000 for 2017 on the cost of new and used capital equipment purchased with an investment cap of $2,030,000.
Bonus depreciation
can be combined with the Section 179 deduction for additional savings. Bonus depreciation enables you to take additional depreciation on new capital equipment purchases only. Bonus depreciation expires on December 31, 2019, regardless of your fiscal year end.
*This information should not be construed as tax advice. Honnen Equipment strongly recommends that you consult with your tax advisor regarding how these tax-savings opportunities apply in your situation.
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