Maximize Deductions and Minimize Taxes with Section 179

Purchase new equipment before the end of the year to maximize deductions, minimize taxes and start 2019 with the new equipment your business needs.

Section 179 Deduction Increased to $1,000,000 for 2018, + 100% Bonus Depreciation!

If your company spends under $2.5 million dollars on equipment purchases annually, you can qualify for the Section 179 deduction.

Now for 2018, deduct an additional 100% Bonus Depreciation once the spending cap of $1 million in purchases annually is met.

What equipment qualifies for the Section 179 deduction?

  • New and used equipment obtained and put into use in 2018
  • Equipment used primarily for your business
  • Purchased, leased or financed equipment
  • Tangible personal property used in business (deduction depends on percentage of time equipment used for your business)
  • Vehicles with a gross weight exceeding 6,000lbs
  • Improvements to existing non-residential buildings (fire suppression, alarms, HVAC, etc.)
  • Items attached to your business building that are not structural components of the building (printing press, large manufacturing tool, etc.)
  • Camera & production equipment, office furniture, bakery machinery, and more

Ready to talk financing? Apply here or contact a Numerica funding specialist directly.