Monday, December 9, 2013

Fleet Tax Deductions

Save money and take advantage of business tax deductions that may not be here next year. The Section 179 tax law can help companies invest in their infrastructure. Businesses can take write-offs on big purchases such as equipment vehicles, work trucks, and service bodies. Currently, you can deduct up to $500,000 on equipment such as a new Chevy Silverado with a Load'N'Go by Fleetwest Transferable Truck Bodies. A special first-year depreciation bonus may be available to further savings.

In 2014 the Section 179 deduction is going to be significantly reduced to $25,000 so business should take advantage of it before the year end (unless congress passes new legislation). Call your Fleetwest representative toll free at 866-497-7200 to get a quote before the end of the year and take advantage of Section 179 deductions.

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