Has a real impact on your equipment costs.
With the passage and signing into law of 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
You can learn more about the deduction and use their handy calculator at the following link or by having us put you in contact with one of the financing specialists that we work with.