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.

Sales Support Expands in Buffalo

At Monroe Tractor we strive to bring the best products available while backing it up with the first-rate customer service and sales support you deserve. Delivering the best support to “Keep you Working” remains a cornerstone of our business model as we continue to grow. To help you with your business solutions we have expanded […]

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Crop Alert | Cornell Cooperative Extension | May 18, 2020

Visit the Cornell Cooperative Extension website for more updates!

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Keeping You Working During COVID-19

May 20, 2020 As of May 20th, all of our stores are unlocked! Doors remaining unlocked may change based on region qualifications. We will continue to update signage posted at our stores as well as on our website and social media accounts when changes occur. It is our goal to keep our customers and employees […]

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