Apply for financing with Western Equipment Finance for more information, contact:
Vice President, National Business Development
Western Equipment Finance
A subsidiary of Western State Bank
Business owners who acquire equipment for their business may elect an enhanced deduction in a single tax year, rather than a little at a time over a number of years. This deduction is known by its section in the tax code, a Section 179 deduction. Businesses may write-off up to $1,000,000 per year if they spend less than $2,500,000 on qualified equipment. In addition, bonus depreciation is 100% and is made retroactive to 9/27/2017 and good through 2022. The bonus depreciation now includes used equipment.
Calculate your savings with Section 179
If you're thinking about purchasing or leasing equipment in the current tax year, the Section 179 Deduction Calculator may help you make your decision.