In the Know

Hawthorne Cat Announces Year-End Tax Savings Opportunities

Deduction Limits up to $500,000 and 50% Bonus Depreciation for 2017

San Diego, CA – – Hawthorne Cat, the exclusive Cat® equipment dealer in San Diego, the Hawaiian Islands and the Pacific Region, announces new year-end tax savings opportunities for 2017. Qualified buyers are eligible for significant tax advantages on new and used equipment through the Protecting Americans from Tax Hikes Act (PATH Act).*

Section 179 expensing levels are set at $500,000, meaning taxpayers can expense up to $500,000 in purchases for 2017 as long as certain taxable income limitations are met. If total purchases exceed $2 million, a dollar-for-dollar phase out takes effect and the deduction is completely eliminated at $2.5 million. Section 179 is permanent at the $500,000 level until further notice. Both new and used equipment are eligible for expensing.*

In addition to normal depreciation, 50% bonus depreciation is in effect for new equipment purchases this year. Equipment must be purchased and placed in service during 2015, 2016, or 2017 to qualify. This provision has been extended to 2019. Bonus depreciation will decrease to 40% in 2018 and 30% in 2019.*

According to Sales Manager Ross Farmer, “The year is almost over, but you can still take advantage of these huge tax savings opportunities.” Farmer continues, “Hawthorne Cat will always work with you to find the best equipment solutions for your business. Give us a call today!”

Purchase a new or used Cat machine in 2017 to benefit from these tax advantages. Visit the Hawthorne Cat website or call 800.437.4228 to learn more. Download the press release.

*Hawthorne Cat does not provide tax, accounting, or legal advice. Always check with your accountant or tax attorney to verify your eligibility for any tax deductions.

Press Contact
Carolyn Mitchell-Voss
Marketing Project Manager
858.674.7167 office
inquire@hawthornecat.com

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