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Section 179 Tax Savings and Bonus Depreciation 2022

Great news for 2022! We have new and used machines in inventory that are ready to be put to work.

Thanks to an increase in the Section 179 deduction limit you can now reduce your taxable income even more in 2022! Purchase new or used equipment and place it into service by 12/31/22*

  • Taxpayers can deduct the full cost of equipment from their 2022 taxes up to $1,080,000, with total equipment purchased for the year threshold of $2,700,000. New and used equipment is eligible for expensing.
  • Equipment must be purchased and placed into service during 2022 to qualify.
  • Taxpayers can take both Section 179 and Bonus Depreciation allowances, but Section 179 must be applied first, and any amount over the $1,080,000 limit may then be taken in Bonus Depreciation.
2022 Section 179 and bonus depreciation example calculation.

Use this calculator to estimate your total savings.

  Total 2022 equipment purchases   $2,700,000
  Section 179 deduction   $1,000,000
  Bonus depreciation deduction   $1,700,000
  Section 179 and 100% bonus depreciation total   $2,700,000
  Potential tax savings, assuming a 21% tax
bracket
  $567,000

*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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