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Section 179 Tax Savings and Bonus Depreciation 2017

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Purchase new or used equipment and place it into service by 12/31/17*
  • Taxpayers can expense up to $500,000 in purchases for 2017, as long as total purchases don’t exceed $2 million and certain taxable income limitations are met. New and used equipment is eligible for expensing.
  • Bonus Depreciation for new equipment purchases this year, allowing 50% bonus depreciation in addition to normal depreciation. Equipment must be purchased and placed in-service during 2017 to qualify.
  • Apply the additional standard depreciation of 20% per year for another five years.

 

2017 Section 179 and bonus depreciation example calculation
Total 2017 equipment investment $750,000
Section 179 deduction limit $500,000
Additional 50% bonus depreciation $125,000
20% MACRS depreciation (assuming a 5-year life and $250,000 remaining basis) $25,000
Total 2017 tax deduction: $500,000 + $25,000 + $125,000 $650,000
Potential tax savings in first year (assuming a 35% tax rate) $227,500

 

*Consult your tax advisor for more details.

Reap The Rewards with Productivity Plus

Now through December 31, 2023, earn 3% back in the form of a statement credit when you purchase qualifying CNH Industrial Parts using your Productivity Plus account. Come back and continue to earn rewards through the end of the year. You can expect to see rewards on your statement within 60 days following your cycle […]

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Case IH Sets Guinness World Record

Case IH is an official Guinness World Records holder! This past weekend, 110 Farmall tractors showed up to the Inverell Showgrounds in Australia to set the world record for the largest parade of Farmall tractors in front of more than 2,500 onlookers. Learn more here >> 

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Sam Heidrich Wins Case Eagle & Wrench Giveaway!

ALBANY, NY – Samantha “Sam” Heidrich is a CASE Technician at Monroe Tractor in Albany, NY, and was the recipient of the Episode 7 Eagle & Wrench Giveaway. When asked about how she became interested in becoming a technician, she said, “Growing up around my Uncle Dan, he had big trucks, cool cars, 4-wheelers, and […]

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