2021 SECTION 179 TAX DEDUCTION.
Now through December 31, 2021, eligible business owners can write off up to $1,050,000 when you purchase, finance or lease new or used equipment. A $2,620,000 maximum can be spent on eligible equipment before the available tax deduction is reduced. Also, a 100% bonus depreciation is available for new and used equipment, after the spending cap has been reached. The bonus depreciation is retroactive to September 27, 2017 and good through 2022.
To compute your potential savings, go to the official Section 179 calculator.
We encourage you to contact your tax advisor concerning the 2021 Section 179 deduction and specific qualification details.
Want to be notified when trucks are added to our inventory? Click here to add your contact info!
CARB policies don’t reflect reality, says Port of Oakland operator
CARB policies don’t reflect reality, says Port of Oakland operator Jay Traugott Jul 26, 2024 Updated Jul 30, 2024 California Air Resources Board…
Marijuana Reclassification Should Not Affect DOT Drug Testing Rules
In a June 27 congressional hearing, U.S. Department of Transportation Secretary Pete Buttigieg said his agency believes that a recent Drug Enforcement Agency proposal…
CARB hit with another suit over Advanced Clean Fleets rule
CARB hit with another suit over Advanced Clean Fleets rule Apr 8, 2024 The American Free Enterprise Chamber of Commerce (AmFree Chamber), whose whose Center…