MTI Capital can assist you in achieving your goals by providing Unlimited Capital for equipment acquisitions. We offer the best market rates, flexible terms, unique structures such as deferred or step payments and rental programs.
BONUS DEPRECIATION IS BACK!
Newly signed Federal Income Tax Laws Benefit Companies That Purchase New Equipment
A recent update to Section 179 of the US Tax Code and the comeback of Bonus Depreciation allows business owners to dramatically reduce the after-tax cost of machinery purchases.
Briefly, Section 179 and the Bonus Depreciation:
- Can be used in combination with standard depreciation and the 50% bonus depreciation deductions.
For example, you purchase a new machine for $300,000, which, under previous circumstances, would qualify only for a first year depreciation deduction of $60,000.
Using the expanded Section 179 expense provision, the 50% Bonus Depreciation and the standard depreciation, a company can deduct up to $280,000 of their $300,000 purchase in the first year .
Purchases up to $250,000 can be deducted in their entirety!
Order Your New Equipment Now!
To qualify for the tax credit in 2008, your equipment must be accepted by December 31 st , 2008 . The Section 179 expense deduction will decline $1 for $1 on purchases over $800,000. The above example is offered for informational purposes only. MTI Capital makes no claim or representation as to its applicability to your specific situation. We recommend that you contact your own accountant or tax advisor to determine if this tax credit applies to your business.
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