100% BONUS DEPRECIATION
Uncle Sam Pays Out on Financed Purchases! When you finance equipment/software for your business using a $1 purchase option lease or an Equipment Finance Agreement (EFA), allowing you to pay for it in installments over several years, you can deduct 100% of the purchase price on your federal return in the tax year in which the equipment is put in service.
100% Bonus Depreciation will be extended through end of 2019. Businesses of all sizes will be able to depreciate 100 percent of the cost of equipment acquired and put in service during 2019 up to $2.5 million.
Section 179 can provide you with significant tax relief for this 2019 tax year, but equipment and software must be financed and in place by midnight December 31, 2019.
You can include used equipment.
Time is Limited!
Be sure to act now if you want to affect your bottom line for 2019. With the new, higher limits, Section 179 becomes a really big deal for this calendar year.
Note·The above is promotional material. It does not affect the terms of any contract with us. It is not intended to and does not constitute tax advice, and does not take into account the effect of state tax laws. It is based on assumptions that may not apply in your situation. You should contact your own tax advisers to confirm how applicable tax rules apply to your business and your equipment/software acquisition.