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Section 179 Tax Deduction + Bonus Depreciation - Don't miss out!

Oct. 24 2019 Announcements By Carrie LeBlanc

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Are you still considering whether or not to purchase or lease commercial trucks or equipment in 2019? 

The Section 179 Deduction may very well help in your decision, as it can save you and your company a lot of money!* Don't miss out on the opportunity to save in 2019 - if you've been thinking about a new or used truck, now is the time to act.  We have a vast selection to choose from and excellent leasing and financing options.  

SHOP NOW >     |     CONTACT US >     |     SECTION 179 CALCULATOR >    |     SECTION 179 WEBSITE >

Simply put, Section 179 allows businesses to deduct the full purchase price of qualifying equipment either purchased or leased during the current tax year.  That translates to a deduction of the FULL PURCHASE PRICE from your gross income and allows you the flexibility to invest in your business.  

Here are a few stipulations, but be sure to contact your tax adviser of the full details and your eligibility: 

Deduction Limit = $1,000,000 (one million dollars)

  • Write off up to $1,000,000 when you purchase or finance qualifying new or used equipment.

Delivery Deadline = December 31, 2019

  • To take the deduction for tax year 2019, the equipment must be financed or purchased and put into service between January 1, 2019 and the end of the day on December 31, 2019.

2019 Spending Cap on Equipment Purchases = $2,500,000

  • 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. 

Bonus Depreciation: 100% for 2019

  • Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is available for both new and used equipment.

Get the complete details and eligibility requirements of the Section 179 Deduction for 2019 by visiting: https://www.section179.org/section_179_deduction/

At McCandless Truck Center, we mean business.  And we're here to make sure that you get the most out of your business with our excellent selection of Class 5-8 New and Used vehicles that are perfect for any application.  

Contact our knowledgeable sales staff at (303)739-9900 today for pricing and availability and take advantage of your tax savings before it is too late!  

SHOP NOW >     |     CONTACT US >     |     SECTION 179 CALCULATOR >    |     SECTION 179 WEBSITE >

*McCandless Truck Center does not provide tax services or advice. Please contact your accountant or tax professional for full information on the Section 179 deduction and how you may be able to benefit from it.