Businesses purchasing, financing, or
leasing (Capital or $1.00 types) new or used equipment in
2015, ‘16, or ‘17 can elect to expense up to $500,000 each
year under IRS Section 179. The section 179 rules are
designed for small companies, so the $500,000 write-off is
reduced dollar-for-dollar as total equipment purchases
exceed $2,000,000 in a calendar year.
In addition to the Section 179 deduction, 50% Bonus
Depreciation is allowed for new equipment that is purchased,
financed, or leased (Capital or $1.00 types) and placed into
service before Jan. 1, 2018, regardless of the amount of new
equipment that is purchased in 2015, ‘16, or ‘17 resulting
in huge tax savings for new purchases.
The information presented above is not specific accounting,
legal, or tax advice. Consult an accountant or other tax
professional to confirm your eligibility for tax incentives