Tax Code 179 Benefits of a Used Machine Tool Purchase

Take advantage of Tax Code Section 179 and expense up to the amount allowed for the year the equipment is installed, 2018.

1.  Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $1,000,000 of equipment purchased in 2018.

2.   Additionally, companies can take 100% Bonus Depreciation on Used Machine Tools.