Scenic Industries Increases Production by 30% wit…
CHALLENGEThere isn’t much that Scenic Industries of Chattanooga, Tennessee can’t handle when it comes to machining.They meet customer’s man…
Section 179 of the IRS tax code allows businesses to deduct the entire purchase price
of qualifying equipment and/or software purchased or financed during the tax yer.
Qualifying business must purchase, finance, and/or lease new or used business
equipment during the tax year 2019 (Assuming they spend less then $3,500,000)
Write off deduction limit of $1,500,000 million in equipment costs
Tax Deductions for up to $2,500,000 million in equipment
100% Bonus Depreciation
Keep in mind:
Bonus Depreciation is not offered every year, this year it is!
Until recently, Bonus Depreciation only covered new equipment.
Now, bonus depreciation includes used equipment.