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Section 179 Tax Savings and Bonus Depreciation

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Purchase new or used equipment and place it into service by 12/31/18*
  • Section 179 doubles to $1,000,000100% increase from 2017. Purchase, finance, and/or lease new or used equipment and place it into service by 12/31/2018 to qualify to write off the entire cost of your equipment on your 2018 tax return, up to $1,000,000.
  • 100% Bonus Depreciation now also applies to USED equipment — A 50% depreciation increase from last year plus 2018 used equipment purchases are now eligible. Equipment purchases much be new or “new to you,” and purchased and placed in service by 12/31/2018 to qualify.

 

2018 Section 179 and bonus depreciation example calculation**
Equipment purchase: $1,150,000
Section 179 deduction limit $1,000,000
100% Bonus first year deduction: $1,150,000
Normal 1st year depreciation:
(20% in each of 5 yrs on remaining account)
$0
Cash savings on your purchase:
($1,150,000 x 35% tax rate)
$402,500
Lowered cost of equipment:
(after tax savings)
$747,500

 

*Consult your tax adviser for more details.
**Example of $1,150,000 equipment purchases in 2018.

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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