Save Big Money on your CNC router purchase in 2017!
Some great news is the current dual benefit of the Section 179 deduction/100% bonus depreciation which allows you to write off 100% of the equipment you purchase in 2017 (up to $500,000) makes this an ideal time to purchase, but you need to act now!
Want a Thermwood CNC before the end of the year? Act now!
Fall is here, and the time to lock in a production slot for end of the 2017 year shipment is now.
To take advantage of the Schedule 179 deduction benefit for 2017, contact us today!
How Does Schedule 179 Work?
Schedule 179 allows businesses to deduct a large part or all of the cost of a machine purchased in 2017 up to a limit of $500,000:
You can basically write-off 100% of all the equipment your business needs to buy or finance this year (up to $500,000)!
From Section 179 of the IRS tax code: This allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income.
Important: Section 179 can provide you with significant tax relief for this 2017 tax year, but equipment and software must be financed and in place by midnight December 31, 2017.
An example of Section 179 at work:
For More Detailed Information please click here
Calculate Your Potential Savings with Schedule 179 please click here
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