Use the Section 179 Deduction & Purchase Vermeer Equipment Today
Get the heavy machines you need and write off hundreds of thousands of dollars on your taxes!
What is Section 179?
Section 179 is a tax incentive that allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. It’s an incentive created by the U.S. government to encourage businesses to buy capital equipment, invest in themselves, improve operations, and increase revenue.
What is Section 179?
Section 179 is a tax incentive that allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. It’s an incentive created by the U.S. government to encourage businesses to buy capital equipment, invest in themselves, improve operations, and increase revenue.
At a Glance - 2022
Check back later to get an updated look at the 2023 program.
New and used equipment purchases qualify for the deduction. Qualified financing is available for Section 179 as well.
Once this amount of spend is reached, the deduction available is reduced. Bonus Depreciation is an option for companies who spend more than this limit.
Example Calculation
New and used equipment purchases qualify for the deduction. Qualified financing is available for Section 179 as well.
Once this amount of spend is reached, the deduction available is reduced. Bonus Depreciation is an option for companies who spend more than this limit.
Example Calculation
*The Section 179 deduction has exceptions. Not all equipment purchases qualify. To take the deduction for current tax year, the equipment must be paid for in full, physically delivered, and put into service between January 1 and the end of the day on December 31 of this year to meet federal guidelines.