Take Advantage of Your Equipment Deductions
Section 179 Depreciation for 2016 is $500,000!
Section 179 allows businesses to deduct the cost of certain equipment purchases, such as a new Hino trucks and/or Fuso trucks, as an expense rather than capitalizing and depreciating those purchases. Additionally, bonus depreciation may be available.
The math is simple:
One brand new 2017 Hino 268 at the purchase price of $64,650 = Potential Tax Savings of $22,627.50, making your new purchase After-Tax Cost only $42,022.50.*
*This estimate assumes a 35% tax bracket and presents a potential tax scenario based on typical assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment or software for your business.
Section 179 is an opportunity for many businesses to receive big tax savings… which means… now is the time to take a look at our new and used truck inventory.
Sweeten the deal with our unique preventative maintenance program for new Conventional Hino 268 and Hino 338 trucks.
Is the savings just too good to believe? Use the Crest Capital calculator to find out yourself how much you can save!
Have any questions? Contact our sales department at firstname.lastname@example.org with any questions you may have.
FAQs from the Section 179 Website
How Much Can I Save on My Taxes in 2016?
It depends on the amount of qualifying equipment and software that you purchase and put into use. See the handy Section 179 Calculator that’s fully updated for 2016, and includes any/all increases from any newly enacted PATH Act.
What Sort of Equipment Qualifies in 2016?
Most tangible business equipment qualifies. Click here to see what property qualifies.
When Do I Have to Do This By?
Section 179 for 2016 expires midnight, 12/31/2016. If you wish to deduct the full price of your equipment from your 2016 taxes and take advantage of the new higher deduction limits, it must be purchased and put into service by then.
Visit Section179.org to find out more.