Toyoda | Industry News Alert: Section 179 Increased to One Million!

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Industry News Alert: Section 179 Increased to One Million!

Oct 22, 2018

With over 250 machines in-stock, set for year-end delivery, Toyoda is ready for the Section 179 deduction countdown! Take advantage before 2018's tax incentive deadline for new AND used CNC machine purchases!

WHAT IS SECTION 179?

Section 179 of the IRS tax code allows businesses to deduct the entire purchase price of qualifying equipment and/or software.

WHO QUALIFIES FOR SECTION 179?
Qualifying businesses must purchase, finance, and/or lease new or used business equipment and place it into service by December 31st, 2018 (assuming they spend less than $3,500,000).

SECTION 179 INCENTIVES:
1) Write off deduction limit of $1,000,000 in equipment costs
2) Tax Deductions for up to $2,500,000 in equipment
3) 100% Bonus Depreciation.

Did you know!?
1) Bonus Depreciation is not offered every year, this year it is!
2) Until recently, Bonus Depreciation only covered new equipment; now, bonus depreciation includes used equipment!

HOW MUCH CAN I SAVE?
Use the 2018 Section 179 Calculator to see your potential savings!

Example Calculation:

Section 179 Chart

Request a Quote Today!

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