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
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