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Header image for article Take Advantage of Year-End Tax Benefits

Take Advantage of Year-End Tax Benefits

2021 is almost over, and the IRS is offering a tax benefit of up to $1,050,000 on equipment purchased, leased, or financed by year-end. This means that you could see significant savings on new or used equipment acquisitions made before December 31.

Section 179 of the tax code also allows a 100% bonus depreciation after the initial $1,050,000 for qualifying new and used business assets that are placed in service between September 27, 2017 – December 31, 2023.
 

SAMPLE SAVINGS

Camera & lens package
Purchase, finance, lease – any new equipment qualifies!

$75,000

Total first year deduction

$75,000

Savings on new equipment purchases
(Assuming a 35% tax bracket)

$26,250

Lowered cost of equipment
(After tax savings)

$48,750

This is an example of potential savings only. Speak to your tax advisor for details on how you can take advantage of these benefits.


There are a number of products that are shipping before the end of the year including:

 

End of year B-stock and demo specials are also available, so please inquire. Check out our financing specials page for our manufacturer specials, and contact Dawn Terranova to discuss your year-end purchasing needs.

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Several manufacturers are offering special financing deals right now, and we’ve put together this list of the highlights. Many of these offers are available for a limited time only, so don't let them pass you by.
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