Take Advantage of PATH Act Tax Savings
Section 179 expensing levels are set so taxpayers can expense up to $510,000 in purchases for 2017, as long as total purchases do not exceed $2,030,000 and certain taxable income limitations are met. New and used equipment is eligible for expensing.
Bonus Depreciation for new equipment purchases this year, allowing 50% bonus depreciation in addition to normal depreciation. Equipment must be purchased and placed in service during 2017 to qualify.
For more information, click on the image below to view a downloadable PDF:
Contact your tax adviser to determine if you qualify. Visit section179.org for more details.
Restrictions may apply. Thompson Tractor does not provide tax advice and this website information should not be considered tax or legal advice. Customers should always consult their legal, tax or accounting advisor before making decisions.