Congress has signed and approved a permanent extension to the Section 179 deduction. Moving forward, businesses can now immediately depreciate up to $500,000 in the year they purchased the assets, instead of over a specific period of time.
They have also agreed to extend the 50% Bonus Depreciation through 2019. This means businesses who either don’t qualify for Section 179, or who have hit the $2M limit on equipment, can depreciate 50% of the cost of acquired equipment.
Congress didn’t leave much time, but it’s not too late to get the equipment your business needs and be able to write it off on your 2015 taxes. Direct Capital can help. Give us a call today at 866-777-9198 or click here (or below) to get started with your equipment lease immediately.