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    Industry News Alert: Section 179 Increased to One Million!

    Toyoda Blog

    Industry News Alert: Section 179 Increased to One Million!

    Posted by Kathy Adolf on Oct 22, 2018 10:28:04 AM

    Section 179 2018

    With over 250 machines in-stock, set for year-end delivery, Toyoda is ready for the Section 179 deduction countdown! Take advantage before 2018's tax incentive deadline for new AND used CNC machine purchases!

    WHAT IS SECTION 179?New_Cover_VB315_machine_photo_no_wele_white_background_520_375
    Section 179 of the IRS tax code allows businesses to deduct the entire purchase price of qualifying equipment and/or software. 

    WHO QUALIFIES FOR SECTION 179? 
    Qualifying businesses must purchase, finance, and/or lease new or used business equipment and place it into service by December 31st, 2018 (assuming they spend less than $3,500,000). 

    SECTION 179 INCENTIVES: 
    1) Write off deduction limit of $1,000,000 in equipment costs 
    2) Tax Deductions for up to $2,500,000 in equipment
    3) 100% Bonus Depreciation. 

    Did you know!?
    1) Bonus Depreciation is not offered every year, this year it is! 
    2) Until recently, Bonus Depreciation only covered new equipment; now, bonus depreciation includes used equipment!

    HOW MUCH CAN I SAVE? 
    Use the 2018 Section 179 Calculator to see your potential savings! 

    Example Calculation:

    Section 179 Chart

    Request a Quote Today!

    Written by Kathy Adolf

    Kathy Adolf works at Toyoda as a Marketing Strategist of Product Development. You can reach her at kadolf@toyoda.com.