Purchase Equipment Before Year-End to Get Tremendous Tax Savings – Deduction Limits Greatly Reduced for 2013.
Write off 100% of the purchase price on equipment placed into service this year using the Section 179 deduction. The 2012 deduction limit is $139,000, and is scheduled to drop to $25,000 in 2013. Positively impact both the cash flow and the growth of your business. Every piece of equipment at Utility Fleet qualifies, but you must act now.
Section 179 applies to new and used equipment that is placed into service during the year. Even when you finance the equipment, you still qualify for the full deduction. The obvious advantage to financing and then taking the Section 179 Deduction is the fact that you can deduct the full amount of the equipment, without paying the full amount this year. The amount you save in taxes can actually exceed the payments. If you’re buying new equipment, combine Section 179 with Bonus Depreciation and Normal First Year Depreciation, and write off up to an additional 60% of purchases over $139,000. The favorable Bonus Depreciation provisions are scheduled to expire on December 31, 2012.
Section 179 and Bonus Depreciation offer businesses a great opportunity to maximize their purchasing power. Most of the equipment your business will purchase, finance or lease qualifies, so verify that your company is leveraging these opportunities this year.
Utility Fleet has New and Remanufactured Units on Ground and Available for Immediate Delivery Before Year End!