Leavitt Cranes’ Post

Maximize Year-End Tax Savings with Industrial Machinery Purchases! As we approach the end of the year, it’s a great time to consider how strategic investments in industrial machinery can boost your business while reducing your tax liability. Did you know that purchasing new machinery before December 31st may allow you to take advantage of key tax incentives, such as Section 179 and Bonus Depreciation? Here’s how it works: • Section 179 Deduction: Allows businesses to immediately deduct the cost of qualifying machinery (up to $1,160,000 in 2024), rather than depreciating it over several years. • Bonus Depreciation: You can depreciate 80% of the cost of new and used machinery in the first year, helping you reduce your taxable income significantly. By purchasing industrial equipment now, you can accelerate deductions, improve cash flow, and reinvest those savings back into growing your business. However, it’s important to act quickly to meet year-end deadlines and ensure compliance with tax regulations. Consult your tax advisor to see how this strategy can benefit your specific situation! Don’t let valuable savings slip away – make your move before the calendar year ends! #TaxSavings #IndustrialMachinery #YearEndPlanning #Section179 #BonusDepreciation #BusinessGrowth

Save now with the SECTION 179 TAX DEDUCTION! It’s the time of year when you can save significant amounts on equipment by taking advantage of the Section 179 Tax Deduction. Section 179 allows a business asset put into service this year—such as a new or used machine—to be immediately written off for tax purposes, rather than being depreciated over time. This results in substantial savings. 💵 In 2024, the deduction is $1,220,000.00! The first two purchases of $50,000 or more will receive a 10% discount on parts and service for one year from the date of purchase. This discount applies to all Hany Grout Plants owned. In addition, we offer for the first two purchases valued at $50,000 or more: ✔ 10% off parts and service for one year from the date of purchase. Our immediately available equipment: 🚧 Häny IC1400/726 🚧 Häny IC650/725 🚧 MCM2600 container system 👉 Contact us to secure your ideal system and benefit from these advantages! #haeny #mixandinjection #section179 #taxdeduction

We still (just) have enough time to process equipment financing if your goal is to reduce your taxable revenues for this year and obtain/upgrade equipment at the same time. Because the equipment for which expense deduction is being claimed has to be put in use in the same year, the next few days would be crucial to start the process. #TaxDeduction #Section179 #EquipmentFinancing #EquipmentFunding #BusinessTips

For those in the market - remember that you can use the Section 179 tax deduction to deduct the cost of purchased machinery when filing for 2024! Consult your CPA or tax professional to see you qualify, but see me when you're considering to purchase! Pics of a few examples below. If you are interested, give me a call at: 385-467-2801

Can you believe there's only 20 days until the new year?! 😮 It's getting tight, but there's still just enough time to purchase used equipment and deduct it on your 2024 taxes. Get a quote on used equipment now: https://hubs.li/Q02_bnm60 #usedequipment #usedforklifts #section179 #taxdeductions

Can you believe there's only 20 days until the new year?! 😮 It's getting tight, but there's still just enough time to purchase used equipment and deduct it on your 2024 taxes. Get a quote on used equipment now: https://hubs.li/Q02_bnm60 hashtag #usedequipment hashtag #usedforklifts hashtag #section179 hashtag #taxdeductions

If you are considering getting equipment but wondering if you can fit it into your budget, did you know you may be freeing up cash by buying it? Section 179 tax deduction allows you to deduct the full expense of the equipment up to $1,220,000, which will lower your tax obligation and retain more of the revenue for the business. Discuss with your tax advisor and reach out to us if you need financing. It's not too late to secure it for this year. Note that to deduct it during the upcoming tax season, the equipment must be purchased and put to use by January 31st of this year. #BusinessTips #TaxDeduction #SmallBusinessStrategy #TaxSavings #Equipment #EquipmentFinancing

Section 179 Tax Deductions On Used Machines! Only a few more months left to take advantage of the Section 179 tax incentive!  This tax deduction allows you, as a business, to deduct the full purchase price of qualifying equipment that you've purchased within the current tax year from your gross income. This includes USED financed equipment!Ask your accountant or CPA for details. 

Section 179 of the IRS Tax Code allows qualified businesses to deduct part or all of the purchase amount of qualifying equipment for the year in which it was purchased or financed. By financing equipment through Kapitus, you may be eligible for this tax deduction. DM or call to request for a financing quote and take advantage of end of year tax write-offs. #kapitusequipmentfinance #equipmentfinance #equipmentleasing