Section 179 Tax Savings
The deduction is good on new and used equipment as well as off-the-shelf software. To take advantage of the deduction on your 2019 tax returns, the equipment must be purchased and put into service before the end of the day on 12/31/2019.
This is the maximum amount that can be spent on equipment before the Section 179 deduction begins to be reduced dollar-for-dollar. The spending cap makes Section 179 a true small business incentive.
NOTE: This information is provided by Bobcat as a courtesy to equipment buyers and should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability. Please contact your own CPA or tax attorney to see how this may apply to your situation.
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