Tag: bonus depreciation

Construction Equipment

100% Depreciation and Section 179 Benefits Continue in 2021 for New and Used Construction Equipment

Through December 31, contractors can purchase construction equipment this year and write off 100 percent of the cost of that purchase on their 2021 taxes as depreciation or a Section 179 tax deduction.

December 11, 2019

Dealers

Boost year-end equipment sales with Section 179 marketing push

2016’s  long-term bill extending Section 179 removed the previous end-of-the-year uncertainty as to whether the bonus depreciation break would be continued, but that doesn’t mean dealers shouldn’t be motivated to use the tax incentive as a sales tool this year. Of particular note for dealers, Section 179 tax breaks apply to new, used and leased […]

December 19, 2017

Dealers

Recession weary heavy equipment buyers flock to rental, RPOs to lower risk

“Our views haven’t changed drastically when it comes to buying new equipment,” says Al Gorick, president Gorick Construction, Binghamton, New York. “We have always tried to make purchasing decisions based on projected utilization, and when a good value presents itself.” Still others, such as G. W. Tatro Construction of Jeffersonville, Vermont, didn’t have much of […]

July 26, 2016

Business

POLL: Do you take advantage of Bonus Depreciation for equipment purchases?

With bonus depreciation extended through 2019, we were wondering just how many readers have or planned to take advantage of this legislation for equipment purchases. The current bill allows the full 50 percent for property placed in service during 2015, 2016 and 2017, then phases down to 40 percent in 2018 and 30 percent in […]

March 10, 2016

Business

Bonus depreciation, Section 179 tax breaks extended, sent to President Obama for signature

Not only did the bonus depreciation and Section 179 tax breaks come through as expected, current legislation Congress just sent to President Obama extended both measures. Here’s a recap: Under current legislation, the bonus depreciation is extended through 2019. This allows contractors to apply a 50 percent bonus depreciation to any equipment bought during a […]

December 18, 2015

Construction Equipment

Bonus depreciation, Section 179 poised for year-end boost?

If it’s mid-December, it must be time for Congress to extend the bonus depreciation just in time for late holiday equipment shopping. As in 2014, Congress appears poised to extend the bonus depreciation, giving contractors the chance to buy new equipment before Dec. 31st to take advantage of a 50 percent bonus depreciation. The caveat: […]

December 10, 2015

Construction Equipment

Obama signs bonus depreciation, Section 179 measure

As expected, Obama has signed legislation reinstating tax provisions that could have a direct impact on whether or not you buy new equipment in the remaining weeks of 2014. The Tax Increase Prevention Act (H.R. 5771) reinstates two provisions that may help contractors press the “buy” button on construction equipment: Bonus depreciation The act reinstates the 50 […]

December 22, 2014

Business

2014 bonus depreciation expected to pass; applies to construction equipment bought and put in service by Dec. 31st

Just in the nick of time, contractors may once again this year be able to take advantage of a 50 percent bonus depreciation in new equipment purchases, a tax code provision that had expired last year. Earlier this month, the U.S. House of Representatives passed H.R. 5771, which would reinstate both the bonus depreciation and […]

December 12, 2014

Construction Equipment

Reporter

Payment Due? Expiring bonus depreciation could pose tax risks By Lauren Heartsill Dowdle Contractors may receive an unpleasant surprise when they review their taxable income for 2012. With bonus depreciation dropping this year by half and completely expiring in 2013, many will face higher tax gains on sold equipment and lower depreciation deductions. Passed in […]

May 24, 2012

Roadbuilding

31 orgs join Associated Equipment Distributors in effort to extend business purchasing tax incentives

A broad coalition of 31 national organizations representing the construction, manufacturing, aviation, professional services, and distribution sectors has joined the Associated Equipment Distributors (AED) in calling on Congress and President Obama to extend business purchasing tax incentives included in recent economic stimulus legislation. The American Recovery and Reinvestment Act (ARRA) allows businesses to write off […]

December 7, 2009