Monroe Tractor

Section 179 Tax Savings and Bonus Depreciation 2019


Purchase new or used equipment and place it into service by 12/31/19*
  • Taxpayers can deduct the full cost of equipment from their 2019 taxes up to $1,000,000, with a total equipment purchased for the year threshold of $2,500,000. New and used equipment is eligible for expensing.
  • Equipment must be purchased and placed in-service during 2019 to qualify.
  • Tax payers can take both Section 179 and Bonus Depreciation allowances, but Section 179 must be applied first, and any amount over the $1,000,000 limit may then be taken in Bonus Depreciation.


2019 Section 179 and bonus depreciation example calculation
Total 2019 equipment investment $750,000
Section 179 deduction limit $750,000
Bonus depreciation deduction (100% in 2019) $0.00
Normal first year depreciation $0.00
Total first year deduction $750,000
Potential tax savings in first year (assuming a 35% tax rate) $262,500


*Consult your tax advisor for more details.

FAE’s MTH-225 gets the job done!

On Tuesday October 29, FAE and Monroe Tractor joined forces to tackle the seasonal roads of the Adirondack Park and an asphalt covered road for two separate NYS DEC sites. The first site was in the Adirondack Park on a seasonal road/trail.  The road/trail is used by hunters, hikers, bikers, and winter enthusiasts.  The trail […]

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Ithaca Airport goes hands-free with snow removal.

  It’s not too often we do work with airports and it’s not that often we do automation off the farm or job site. Our job at the Ithaca Airport was a unique combination of both. Precision Product Specialist, Nathan Wood met this opportunity head on when asked to help improve the efficiency of their […]

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Monroe Tractor names Chris Felosky President

Janet Felosky has named her son, Chris Felosky, to the position of president of Monroe Tractor. Janet, who has served as president and CEO since 1990, will continue to serve in the capacity of CEO. “I’m greatly impressed with Chris’ energy, passion and most of all his humility,” she said. “I am confident that under […]

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