[Section 179] Tax Deduction by the Numbers

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Hi there,

We're officially in the final innings of 2020 and what a year it's been!
As it's now the middle of Q4, Taycor wanted to remind you that in 2020 your business qualifies for a 100% tax deduction on crane purchases, other equipment purchases, software, vehicles, or office improvements thanks to Section 179.

Here is how it works:

New/Used Crane/Equipment/Vehicle/Software Purchase:	$100,000
2020 Tax Year Write Off:	$100,000

Total Deduction:	$100,000
Cash Savings (assumes a 35% tax bracket):	$35,000
Equipment Cost After Tax Deduction:	$65,000

None of us know how federal policies may change in 2021, the 2020 Section 179 policy is better than it's been in decades but to take advantage, items must be purchased and put into use by December 31st.

You can expedite the process by getting pre-approved. You can also calculate a possible payment here.

Thanks,
Karlie Hart
Sr. Finance Professional
Taycor Financial
310-895-7715
www.taycor.com
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222 N. PCH, El Segundo, CA 90245

For More Information on Crane & Equipment Financing:

310.895.7719

www.taycor.com

El Segundo, CA

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