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Buy a SMITH with a Section 179 Deduction

If you are looking at purchasing or leasing new or used surface-preparation or other equipment, here is great tax savings news. You can deduct all purchases up to $500,000 under Section 179.

A 50% bonus depreciation has been reinstated for tax year 2017, and is extended through 2019 under Section 179.

This means you can deduct an additional 50% of the amount over $500,000, in addition to your standard depreciation deduction. This applies to equipment acquired and put into service during 2017. Bonus depreciation will then phase down to 40% in 2018, and finally to 30% in 2019. When applying these provisions, Section 179 is generally taken first, followed by the bonus depreciation.

The good news is, you can buy SMITH or other equipment for your operations on credit or lease, and benefit from the tax savings.

Download the “Create Your Own Tax Break” page below. It includes an excellent tax savings equipment lease/purchase example.

If you have any questions, please contact our financing expert, Leslie Conway at Marlin Leasing by phone at 856-505-4315, or email Lconway@marlinfinance.com

To get a SMITH equipment lease estimate please click here. If you are looking for a quote, please contact your SMITH Representative directly.

Section 179

 
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Specifications and data are subject to change without notice.