Posted: January 10, 2018 Filed under: Information and News, Management, Regulatory, Uncategorized | Tags: charlotte, greensboro, Greenville, material handling, new forklifts, raleigh, Section 179, Taxes, used forklifts
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.
Posted: July 15, 2015 Filed under: Information and News | Tags: charlotte, CLARK forklifts, forklift parts, forklift rentals, forklift service, Linde Material Handling, new forklifts, north carolina, UniCarriers Forklifts, used forklifts
Since 1968, Tri-Lift NC, has served the Carolinas and now we are proud to announce that our full-service material handling facility in Charlotte is now open and ready for business!
Our 18,000 square-foot, state-of-the-art facility is located close to Douglas International Airport, with easy access to I-77 and I-85. This strategic location is significant in that it gives us a permanent presence in Charlotte and allows us to service our South Carolina clients and sourthern North Carolina customers from this facility.
In additions to representing Linde Material Handling forklifts, CLARK forklifts and UniCarriers forklifts from this facility, it also boasts a full-stocked parts department staffed by trained, experienced forklift parts personnel.
Our new facility’s forklift service department touts factory trained and certified forklift technicians as well as fully equipped service vans for full-service mobile forklift service and repair.
To meet your forklift and material handling rental needs, we have a large forklift rental fleet ready to go, including access to our entire company’s rental fleet with numerous long-term rental and short-term rental programs to meet your needs.
You can find us at 2421 Executive Street, Charlotte, NC 28208. Give our highly-trained, customer-focused branch personnel a call at 800-929-0561.