Section 179 Tax Deduction
Get the Equipment You Need Before 2021, and Deduct Up to $1,040,000 from Your Taxes!
With the Section 179 Deduction, you can power your business with the equipment and trucks you need and still save big on your 2020 taxes! Our expansive inventory of new and used Vermeer machines make it easy for you to take advantage of this opportunity. Looking for work trucks too? As a division of All Roads, we have access to new and used Ford, Kenworth, and Isuzu trucks so you can get everything you need!
What is Section 179?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
How Does it Work?
Section 179 allows your business to write off the entire purchase price of qualifying equipment for the current tax year!
*The Section 179 deduction has exceptions. Not all equipment purchases qualify.