Section 179 Tax Break
Adams Chrysler Dodge Jeep Ram has a broad variety of work cargo vans for sale in addition to a number of additional models that can qualify for the Section 179 incentive. This tax break was crafted for the sake of American small businesses. This allows businesses to deduct the total price of equipment that qualifies plus any software bought or leased over the course of the fiscal year up to $1,000,000.* If you lease or buy a piece of equipment that qualifies, then you can deduct that purchase from your gross income. This was created in an effort to encourage businesses to invest in themselves by purchasing equipment. Check to see if the work equipment you need can qualify for Section 179 today.
The total deduction for depreciation includes the Section 179 expense deduction plus 100% Bonus Depreciation* if your vehicle is used more than 50% in a qualified business. This section of the tax code ends at midnight on 12/31/2018. If you are looking to deduct the whole price of what you buy from your taxes and take advantage of new deduction limits, then make sure you buy and put your equipment to work by then.