Section 179 Enhancements for 2018

Section 179 Header

With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.

Further, the bonus depreciation is 100% and is made retroactive to 9/27/2017 and good through 2022. The bonus depreciation also now includes used equipment.

See the fully updated 2018 Section 179 Calculator to see how this tax deduction affects your company.

2017 Section 179 Tax Information (Last Year)

The Section 179 deduction is $500,000 for 2017, with a 50% bonus depreciation in place until late September (see 2018 information for change).

Click Here for the fully updated Section 179 Calculator for tax year 2017 (Last Year).

Answers to the Three Most Common Section 179 Questions

How Much Can I Save on My Taxes in 2018?
It depends on the amount of qualifying equipment and software that you purchase and put into use. See the handy Section 179 Calculator that’s fully updated for 2018, and includes any/all increases from any future legislation.

What Sort of Equipment Qualifies in 2018?
Most tangible business equipment qualifies. Click here for qualifying property.

When Do I Have to Do This By?
Section 179 for 2018 expires midnight, 12/31/2018. If you wish to deduct the full price of your equipment from your 2018 taxes and take advantage of the new higher deduction limits, it must be purchased and put into service by then.

Many businesses are finding Section 179 Qualified Financing to be an attractive option in 2018, especially since the expected Federal Discount Rate increases don’t leave much time for action. Please apply today.

More Section 179 Deduction Questions Answered

Welcome to Section179.Org, your definitive resource for all things Section 179. We’ve brought together a large amount of information regarding Section 179, and clearly and honestly discuss the various aspects of IRS §179 in plain language. This will allow you to make the best possible financial decisions for your company.

Section 179 can be extremely profitable to you, so it is to your benefit to learn as much as possible. To begin, you may have a lot of questions regarding Section 179 such as:

Check out our line-up of new forklifts or used forklifts, then contact us at 866-393-9833 for more information or a quote.


One Reliable Source for Forklift Parts

forklift-partsWhether you have one, 20 year old internal combustion forklift, or a fleet of brand new electric forklifts, you can count on the professionals at Tri-Lift NC, Inc. to find the right part for your operational needs, regardless of the year, make or model of your forklift.

Our forklift and aerial lift parts specialists have the experience to know what questions to ask to ensure you’re getting the right part for your need, whether you know your need or not. Often times, OEM parts are required to maintain factory warranty, other times, aftermarket or remanufactured/refurbished forklift parts are just fine. We will work with you to source the parts you need, at the price you want.

And there are few companies that make the financial investment to inventory as many popular parts as Tri-Lift NC, Inc. From our branches in Greensboro, Raleigh, Charlotte, Columbia and Greenville, we source parts for thousands of companies all over North Carolina and South Carolina.

Learn more about our forklift parts capabilities, then contact your local Tri-Lift NC, Inc. facility to get a quote, or place your order. We want to be your One Reliable Source for all your materials handling equipment, service, parts and rental needs.

Tri-Lift is Your New Forklift Headquarters

New Equipment Headquarters Graphic

Tri-Lift NC, Inc. has the new forklifts to meet near any application. From serve our customers from our convenient locations in Greensboro, Raleigh, Charlotte North Carolina and Columbia and Greenville South Carolina. Whether you need a single light-duty new forklift or a fleet of heavy-duty, high-capacity forklifts that work three shifts a day, we have the forklift you need. No other dealer in North or South Carolina provides the variety of forklifts and options to meet so many diverse applications. Our line-up includes:

  • Linde Forklifts, CLARK Forklifts, Hoist Forklifts and UniCarriers Forklifts
  • LP Forklifts, Electric Forklifts, Diesel Forklifts and Gas Forklifts
  • Forklifts in Capacities as high as 125,000lbs!
  • New light-duty forklifts and heavy-duty forlifts that are built to operate three shifts a day!
  • Electric Forklifts Built to Work Outside Under Nearly any Condition
  • Forklifts for Rigging and Machinery Moving
  • Boom Lifts and Scissor Lifts
  • Electric Pallet Jacks, Stackers, Walkie Riders and Much More

As you can see, our selection of new forklifts is second to none. We represent the finest forklift brands, with the models and options that you need. We select our brands based on historical performance, variety and reliability. And this variety and line-up has led to several awards for selling new forklifts, including Linde’s “Palmetto Award”, as well as expanded territories from CLARK and UniCarriers. Manufacturers understand that Tri-Lift NC, Inc. knows you, our customer, the industries you serve and how to work with you to get the right equipment for your operation.