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 $139,000) during 2012, providing opportunities for significant tax savings, on purchases before year end, with a phase-out threshold of $560,000.

 

Bonus depreciation is available on new equipment only, purchased between 1/1/12 and 12/31/12, at 50% of the purchase price. The asset must be placed in service before the end of the year to be eligible.

As one example, investing $25,000 in equipment (including used equipment or demo vehicles) could save a company $8,750 in Federal taxes alone.  By increasing the investment, the company can achieve significantly larger savings.

Deist strongly encourages its customers to seek personalized, professional tax advice before making decisions based on Section 179. In accordance with Section 179, Deist can ship most Bucks™ Fabricating, Switch-N-Go™, and AmeriDeck™ products prior to year-end. 

 

Deist Industries Inc. (Hadley, PA) is excited to announce that financing options are now available for customers and distributors of all product lines! For more information give us a call today!