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!
Take Advantage of Year End Tax Deductions!
The Section 179 deduction provides a tax benefit to businesses, enabling them to claim immediate deductions for qualified assets, instead of depreciating them…
Pacific Trux Open For Business (COVID19)
With the recent events of COVID19 Pacific Trux has taken safety measures recommended by the CDC to ensure employee and customer safety during…
ELD Exemption Petition Filing Closes November 29, 2019
You may file a simple comment like: “I support the ELD Exemption application. Please grant the exemption.” Or, if you wish to offer…