Save big money on your cnc router purchase in 2011

Posted by Duane Marrett on Mon, Aug 22, 2011

Tags: Thermwood, CNC, 5 Axis, Stimulus, Tax, 3 Axis, Model 90, Model 45, Cost, CNC Routers, CabinetShop, CNC Router, Thermwood, Stimulus, tax incentive, save money on cnc router, Why Purchase a Thermwood

Section 179 Tax Deduction/Bonus Depreciation

Thinking of purchasing a new cnc router in 2011, and still on the fence because of the uncertain economy? Some great news is the current dual benefit of the Section 179 deduction/100% bonus depreciation which helps make 2011 the ideal year to purchase your new cnc router!

These newest changes are as follows:

SAve money on a cnc router purchase from Thermwood

  • The Section 179 Deduction limit has been increased to $500,000. The total amount of equipment that can be purchased increased to $2 million. This includes most new and used capital equipment, and also includes software.

  • The “Bonus Depreciation” has been increased to 100% on qualified assets. However, this can be taken on new equipment only.

 

2011 is the Year to Do It!

Due to the extension of Section 179 under the 'HIRE Act of 2010' - the enhanced limits under the 'Jobs Act of 2010' - and the recently enacted 100% Bonus Depreciation under the 'Tax Relief Act of 2010':

You can basically write-off 100% of all the equipment and software your business needs to buy or finance this year!

Write off up to 100% of a new Thermwood cnc router purchased in 2011

Depreciation Bonus At A Glance:   

  • 2011 Deduction Limit - $500,000 (up from $250k previously). Good on new and used equipment, including new software.

  • 2011 Limit on equipment purchases - $2 Million Dollars (up from $800k previously).

  • “Bonus” Depreciation - 100% (taken after the $500k deduction limit is reached). Note, bonus depreciation is only for new equipment. This can also be taken by businesses that exceed $2 million in capital equipment purchases.

    The above is an overall, “simplified” view of the Section 179 Deduction for 2011. For more details on limits and qualifying equipment, as well as Section 179 Qualified Financing, please visit section179.org

    An example of Section 179 at work:

Section 179 example

For more detailed information: please click here.


Calculate your savings on a new Thermwood CNC Router

 

 

Calculate your potential savings: please click here


 

Thermwood 3 and 5 Axis CNC Routers

Please use the following links to view our line of 3 axis and 5 axis Thermwood CNC Routers. 

Why purchase a Thermwood CNC Router?

Visit Why Purchase a Thermwood? to see why our machines are the most reliable, technically advanced and safest choice for over 40 years.

How to save money on a CNC Router Purchase

Posted by Duane Marrett on Fri, Jan 21, 2011

Tags: Thermwood, Stimulus, tax incentive, save money on cnc router, Purchase

Bonus Depreciation extended for 2011

2011 Depreciation Bonus

On Dec. 17, President Obama signed legislation that would extend and expand the depreciation bonus through 2012. 

 

What This Means:

This could be a huge advantage to anyone considering purchasing a new Thermwood CNC Router this year, by giving a business the ability to write off a huge portion of their machinery purchase on their 2011 tax return.

How to save money on a Thermwood CNC Router

Depreciation Bonus At A Glance:

  • This provides 100 percent depreciation bonus for capital investments placed in service after September 8, 2010 through December 31, 2011.
  • Depreciation bonus is designed to help businesses cut their tax bill and buy new equipment.
  • This bonus applies (among other things), to purchases of tangible personal property (including construction, mining, forestry, and agricultural equipment) with a MACRS recovery period of 20 years or less.
  • The bonus applies to NEW equipment only.
  • The bonus is allowed for both regular and alternative minimum tax purposes.
  • Totally discretionary - Taxpayer need not claim the depreciation bonus

Links:

For more information on this incentive, please click here.

To calculate your potential savings, please click here

Please use the following links to view our line of 3 axis and 5 axis Thermwood CNC Routers.