Save Up to $510,000 on Your Crane Purchase with Section 179
This year, 2017 marks the third year that Section 179 is in full effect for business equipment purchases. Section 179 is part of an act called the Protecting Americans from Tax Hikes Act (PATH Act) that was passed in December of 2015.
What does this mean for crane business owners? In simple terms, crane business owners that purchase equipment before the end of the year may be eligible to write off up to $510,000 on their equipment purchases and then depreciate them up to the year 2019.* Please see the table below for an example on how you can save on your next crane purchase!
*Estimates listed above are based on the IRS Section 179 online calculator and are made for reference only. Please see a tax advisor before making a tax claim.
Bigge currently has a wide selection of cranes for sale that includes types like crawlers, rough terrains, tower cranes, mini cranes, hydraulic truck cranes, hydraulic gantries, and more. If you would like more information on Section 179 you can do so by visiting their dedicated site or speaking to your tax specialist to find out how you can take advantage of these savings before year’s end!
Bigge Crane and Rigging Co. and its affiliates do not provide tax advice. This material has been provided for informational purposes only. You should consult with your tax professional before buying property with the intent to take a Section 179 deduction.