JTEKT Toyoda Americas Expands their Line of High-…
ARLINGTON HEIGHTS, IL (February 10, 2020) – JTEKT Toyoda Americas Corporation and Ace Micromatic Group have formed a strategic alliance to …
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.