Create Your Own Tax Break on Last Minute Shopping for Hotel TV Systems
Create Your Own Tax Break!
Take Advantage of Tax Benefits Through December 31, 2013!
No money down …
No payments til 2014 …
and the ability to still take advantage of IRS Section 179’s accelerated depreciation without making even one payment!!!
You get the benefit of purchasing your new TV system now …
Not putting it off until next year!
How Does IRS Section 179 Work
- The deduction limit for Section 179 is now $500,000
This means that if you buy (or finance) a piece of equipment, you can deduct the Full Purchase Price (up to $500,000) from your gross income.
- The 2013 Section 179 deduction threshold for total amount of equipment that can be purchased is now $2,000,000. This means that you can purchase more equipment and still have the benefit of the Section 179 deduction.
- 50% bonus depreciation has been extended to tax year 2013.
For equipment purchases over the Section 179 deduction of $500,000, you can deduct an additional 50% of the overage in addition to your standard depreciation deduction (for new equipment only)
What Does This Mean for Your Property
If you finance a piece of qualifying equipment or software, you can deduct the full amount of the equipment (up to 500,000) without paying the full amount this year.
In fact, the amount you save in taxes could be greater than what you pay in the first year of a finance agreement. Your equipment is making you money from day to day!
