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TNTRecentBlogPosts
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NEW & USED TRUCK WRITE OFF’s FOR 2015
Section 179 Deduction Limit for 2015: $25,000
Until December 31, 2015.
BUY NOW, DON’T LET YOUR TAX ADVANTAGES GO TO WASTE!
An often overlooked component of the IRS Tax Code allows businesses to recognize significant tax savings when they invest in capital equipment.
Known as Section 179, this law allows all businesses to write off/depreciate the full purchase price of equipment purchases (up to $200,000) during 2015, providing opportunities for significant tax savings on purchases before year end.
Truck-N-Trailer strongly encourages its customers to seek personalized, professional tax advice before making decisions based on Section 179.
Example: Investing $25,000 in equipment (including used box trucks) could save a company $8,750 in Federal taxes alone. By increasing the investment, the company can achieve significantly larger savings.
Situations may vary based on a company’s tax rate, ect.
VISIT Section179.org for more info