IRS Section 179 Tax Incentive

2017 IRS SectIon 179 BeneFits Create your own tax break through December 31, 2017!

The deduction limit for Section 179 is now $500,000.
• This means that if your customers buy (or finance) a piece of equipment, they can deduct the Full Purchase Price (up to $500,000) from their gross income.

• The old limit was $25,000.

The 2015 Section 179 deduction threshold for total amount of equipment that can be purchased is now $2,000,000.
• This means that customers can purchase more equipment and still have the benefit of the Section 179 deduction.

• The old limit was $200,000.

50% bonus depreciation has been reinstated for the tax year 2015 and extended through 2019.
• For equipment purchases over the Section 179 deduction of $500,000, your customers can deduct an additional 50% of the amount over $500,000 in addition to their standard depreciation deduction. This applies to equipment acquired and put into service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40% in 2018 and 30% in 2019.

• The old limit was $0.

Contact Mid Continent Capital for Equipment Lease Financing Today!
(P) 913-789-9977 
(F) 913-789-8899 
Email: credit@midcontinentcaptial.com

*Credit & equipment restrictions apply. This program does not assume your company will qualify to take advantage of the IRS Section #179 depreciation schedule which allows rapid first year depreciation of certain assets acquired. The amount of previous depreciation your company may have used may affect your ability to utilize the elections. Please consult your tax advisor or accountant for additional information. Equipment must be purchased and placed in service by 12/31/17.