You may qualify for Incremental tax benefits!
One Big Beautiful Bill Act
On July 4, 2025, new legislation was signed into law that included multiple favorable depreciation
changes for businesses associated with the Section 179 Allowance and Bonus Depreciation. These
changes permit businesses to potentially deduct the cost of qualifying property in the year placed in
service, rather than taking the deductions over the tax life of the asset. This may result in an
acceleration of tax benefits.
To make the most of the new benefits, it's critical to begin planning immediately to secure
equipment availability.
Click to our List of Equipment for Sale
Section 179 Allowance
Section 179 allows eligible taxpayers to deduct the cost of qualifying property up to an annual limitation
in the year placed in service. The Act increased the annual limitation and modified eligibility
requirements so more taxpayers will qualify to take Section 179 deductions for property placed in
service in taxable years ending after December 31, 2024.
Bonus Depreciation
Bonus depreciation allows businesses to deduct a set percentage of the cost of qualifying property in
the year placed in service. Any remaining cost is deductible over the tax life of the property. The Act
permanently increased the bonus depreciation percentage to 100% for assets placed in service after
January 19, 2025.
Contact your accountant or financial advisor today to fully understand how the new tax laws could
benefit you when acquiring new equipment, to ensure the equipment and the associated financial product
qualifies for favorable tax treatment.
The above contains general information only and is not intended to be tax advice. It is not a substitute for
such professional advice or services, nor should it be used as a basis for any decision or action that may
affect your business. Before making any decision or taking any action that may affect your business, you
should consult a qualified professional adviser.
Contact Shawmut Equipment about our available cranes and equipment.
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