Need more incentive? Tax benefits from equipment leasing or financing will save you money.

Businesses purchasing, financing, or leasing (Capital or $1.00 types) new or used equipment in 2015, 2016, or 2017 can elect to expense up to $500,000 each year under IRS Section 179. The section 179 rules are designed for small companies, so the $500,000 write-off is reduced dollar-for-dollar as total equipment purchases exceed $2,000,000 in 2016.

In addition to the Section 179 deduction, 50% Bonus Depreciation is allowed for new equipment that is purchased, financed, or leased (Capital or $1.00 types) and placed into service before January 1, 2018, regardless of the amount of new equipment that is purchased in 2015, 2016, or 2017 . . . resulting in significant tax savings for new purchases.

Learn more about these tax incentives with our Section 179 Calculator.

Of course, this information is not specific accounting, legal, or tax advice. Please consult your accountant or tax professional to confirm your eligibility for tax incentives and benefits.


 

The information presented above is not specific accounting, legal, or tax advice. Consult with an accountant or other tax professional to confirm your eligibility for tax incentives and benefits.