Thursday, October 10, 2013

Let Uncle Sam Work for You

You can benefit from changes to the Section 179 tax deductions. Depreciation deductions are available for up to $500,000 on equipment purchased in 2012 and 2013, raised from previous years. The tax deduction covers equipment used for business purposes before the year's end. There is a bonus depreciation of 50% for new equipment only. The total limit on purchases is $2,000,000 as of January 1, 2013, with purchases in 2012 qualifying for new, higher deduction limits. More information on the changes can be found at

Almost all types of "business equipment" qualifies for the Section 179 deduction. Before the year is over, take advantage of purchasing larger equipment such as service bodies for fleet vehicles. Purchasing this equipment during the calendar year is financially advantageous to businesses, large or small. Fleetwest Transferable Truck Bodies qualify for Section 179 tax deductions. Load'N'Go or Durashell service bodies can be purchased now, and put into use before December 31st, 2013 in order to take advantage of this generous tax code.

New Steel Service Body
New Load'N'Go ST-2000
Companies should act now to take advantage of the Section 179 tax deductions, as they can change every year without notice. Call your Fleetwest representative toll free at 866-497-7200 to purchase a new Load'N'Go or Durashell service body and benefit from Uncle Sam.

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