Buy New Or Used Equipment Before Year End and Maximize Tax Savings

Bonus Depreciation now includes used equipment!

Combine Section 179 and Bonus Depreciation to maximize tax savings on new and used equipment acquired in 2018.

Bonus Depreciation ExampleSection 179 Allowance:

The Tax Cuts and Jobs Act (H.R.1) makes the Section 179 expensing allowance permanent and is now set at the $1,000,000 level in 2018 for qualifying new and used equipment. Businesses with over $2,500,000 of purchases in 2018 will have the expense deduction phase out dollar for dollar up to $3,500,000. In addition, the Section 179 amounts are indexed to inflation in $10,000 increments for future years.

Bonus Depreciation:

The Tax Cuts and Jobs Act (H.R.1) extends and modifies the rules pertaining to bonus depreciation. The applicable bonus depreciation percentage will now be 100% for property placed in service during 2018.

Contact Shawmut’s Sales Department for information on qualifying equipment.

Please contact your Tax Advisor with any tax related questions.