out! 1 million - dealerfire...you should consult with your tax advisor for the specific impact to...

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TAKE A SECTION 179 TAX DEDUCTION OF UP TO $ 1 MILLION Businesses have significant reasons to acquire and install capital equipment before the end of 2018. Plan now to maximize these important benefits. Section 179 Deduction Companies can expense up to a $1,000,000 deduction on new or used equipment The maximum equipment investment amount eligible for the full $1,000,000 deduction is $2.5 million before a dollar-for-dollar phase-out begins Bonus Depreciation Additional deductions may be available if you qualify for bonus depreciation Take an additional write-off of 100% of the undepreciated balance of capital expenditures and depreciable property ( new or used equipment) Equipment must be depreciable under the Modified Accelerated Cost Recovery System (MACRS) with a recovery period of 20 years or less Cost of Equipment Section 179 Tax Deduction 100% Bonus Depreciation Normal 1st Year Depreciation* Total 1st Year Deduction Potential Tax Savings in 2018** Equipment Cost After Tax Savings *Based on an expected 5 year asset life. **Assuming a tax bracket of 35%. Subject to credit approval. We are not offering legal, tax, or financial advice. You should consult with your tax advisor for the specific impact to your business. We are not responsible for and do not guarantee the products, service, or performance of third parties. MINNESOTA NORTH DAKOTA SOUTH DAKOTA WISCONSIN PARTS | CONVENTIONAL & MOBILE SERVICE | SALES | LEASING | RENTAL | FINANCE

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Page 1: OUT! 1 MILLION - DealerFire...You should consult with your tax advisor for the specific impact to your business. We are not responsible for and do not guarantee the products, service,

TAKE A SECTION 179 TAX DEDUCTION OF UP TO

$1 MILLIONBusinesses have significant reasons to acquire and install capital equipment before the end of 2018. Plan now to maximize these important benefits.

Section 179 Deduction• Companies can expense up to a $1,000,000 deduction

on new or used equipment

• The maximum equipment investment amount eligible for the full $1,000,000 deduction is $2.5 million before a dollar-for-dollar phase-out begins

Bonus Depreciation• Additional deductions may be available if you qualify

for bonus depreciation

• Take an additional write-off of 100% of the undepreciated balance of capital expenditures and depreciable property (new or used equipment)

• Equipment must be depreciable under the Modified Accelerated Cost Recovery System (MACRS) with a recovery period of 20 years or less

Cost of Equipment

• Section 179 Tax Deduction

• 100% Bonus Depreciation

• Normal 1st Year Depreciation*

Total 1st Year Deduction

Potential Tax Savings in 2018**

Equipment Cost After Tax Savings

*Based on an expected 5 year asset life. **Assuming a tax bracket of 35%. Subject to credit approval. We are not offering legal, tax, or financial advice. You should consult with your tax advisor for the specific

impact to your business. We are not responsible for and do not guarantee the products, service, or performance of third parties.

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