Section 179 is an annual tax deduction that involves farming and construction business equipment purchases. Qualifying business equipment may be written off as a Section 179 tax deduction for thousands of dollars in savings, depending on its value and level of production.
Business Equipment May Qualify for Large Tax Deduction
As of 2018, the Section 179 tax deduction cap has increased from $500,000 to $1,000,000. That means business owners may purchase qualifying business equipment and write off up to $1,000,000 on their tax returns. Equipment purchased in 2018 can be applied to a 2019 tax return.
For more information regarding qualifying business equipment purchases for Section 179 deductions, visit: www.section179.org
Purchase Qualifying Equipment at Lansdowne-Moody Company
Lansdowne-Moody Company provides tractors in Houston and other business equipment that qualifies for Section 179 tax deductions. Speak to one of our sales representatives today to make your purchase, save money, and keep your business moving in the right direction!