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Leasing and Tax Credit Options

Tax Credits and Financial Help can Make it More Affordable to Buy A Machine

When looking to buy a piece of machinery - taking into consideration the tax advantages and financial options can be the incentive you need to upgrade or replace your existing fabrication machinery.

Section 179 Tax Deduction at a Glance for 2017:

2017 Deduction Limit = $500,000
This deduction can be used when purchasing used machinery and equipment. To take the deduction for tax year 2017, the equipment must be financed/purchased and put into service between January 1, 2017 and the end of the day on December 31, 2017.

2017 Spending Cap on equipment purchases = $2,000,000
This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" (because larger businesses that spend more than $2.5 million on equipment won't get the deduction.)

(The above is an overall, "simplified" view of the Section 179 Deduction for 2017. For more details on limits and qualifying equipment please see   www.section179.org)

Here are some more tools:

Section 179 Calculator

Equipment Financing and Leasing Information

Financing or Leasing Quote

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