2018 is almost over, and the IRS is offering a tax benefit of $1,000,000 on equipment purchased, leased, or financed by year-end. This means that you could have 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 $1,000,000 for qualifying new (not used) business assets that are placed in service between September 27, 2017 - December 31, 2022.
Speak to your tax advisor for details on how you can take advantage of these benefits.
|
Sample Savings |
|
|
Camera & lens package |
$75,000 |
|
Total first year deduction |
$75,000 |
|
Savings on new equipment purchases |
$26,250 |
|
Lowered cost of equipment |
$48,750 |
Check out our financing specials page for our manufacturer specials, and then contact your AbelCine sales agent or financing consultant to discuss your year-end purchasing needs.
