Small Businesses Save BIG with Section 179

There are several separate and combinable tax deductions and write-offs that business owners can leverage to get the most out of their capital expenditures. Tax rules change from year to year and may affect obtaining, operating and disposing of business vehicles. To take advantage of Section 179 Depreciation and Bonus Depreciation your vehicles will need to be placed in service before January 1, 2014. Because deductions for car and truck expenses may be the single largest business expense for many companies we want you to be informed.

Regular Depreciation (MACRS)
Regular Depreciation is mandatory for most tangible depreciable property placed in service after December 31, 1986.

Section 179 Depreciation
An expense deduction provided to taxpayers that elect to treat the cost of qualifying property as an expense rather than a capital expenditure

Bonus Depreciation
An expense deduction allowed for qualifying property acquired after December 31, 2007, and before January 1, 2014. Must be placed in service before January 1, 2014.


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