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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.
Bobcat®, the Bobcat logo and the colors of the Bobcat machine are registered trademarks of Bobcat Company in the United States and various other countries.
Take advantage of tax savings now before time runs out. Contact us today for more information…
[contact-form-7 id=”7871″ title=”Section 179 Tax Savings Lead Form”]