Section 179

 
YEAR-TAX SAVINGS FOR BUSINESS CUSTOMERS! - JUST IN TIME FOR COMMERCIAL VEHICLE SEASON!
Key Details:
·         Section 179 permits many small businesses to write off up to $500,000 of qualifying new equipment in the first year it is placed in service on their 2017 IRS tax returns.
·         The qualifying vehicle must be purchased and placed into service between January 1, 2017 and December 31, 2017
·         Must be used at least 50% for business, based on mileage, in the first year it is placed in service.
·         If you choose to use it for both personal and business use, the cost eligible for deduction would be the percentage used for business.
·         Note that all businesses that purchase and/or finance less than $2,000,000 in business equipment during tax year 2017 should qualify for the Section 179 Deduction.
Deadline Fast Approaching:
For the 2017 tax year, the qualifying vehicle must be purchased and placed into service between January 1, 2017, and December 31, 2017.
Click HERE for more information

 
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