Michigan Maintenance Supply Blog

October 31, 2018
5 yearsago

Get Big-Time 2018 Tax Savings!

Calculate YOUR potential Section 179 Tax Savings

These tax savings are significant – see for yourself!

Take a minute and check out how Section 179 Tax Savings can work for your business
It’s worth it

If you purchased or plan to purchase equipment for your business – whether for cleaning or restoration – you want to take advantage of Section 179 Tax Savings. Here are some BIG reasons why:

  • Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income.
  • The spending cap is up to $2,500,000 on equipment, it must be financed or purchased and put into service during 2018 (1/1-12/31, 2018).
  • The deduction limit is up to $1,000,000.

This website is a great resource for information and explains what you can deduct AND it includes a deduction calculator that will instantly help you figure your savings. Always consult a tax professional about tax-related deductions.

Deduction Calculator

Tax Laws change every year

You can’t count on Section 179 Tax Savings being offered next year. Invest now when the savings are available.

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