2018 Year-End Tax Savings | Take Advantage Today

2018 is almost over, but you may still qualify for year-end tax savings! With the Tax Cuts and Jobs Act signed on December 22, 2017, first-year bonus depreciation expanded to include new and used equipment bought and in service after September 27, 2017, while substantially increasing the deduction limits under Section 179.

Whether you need to upgrade your fleet with a Backhoe Loader, Skid Steer Loader, or Excavator, learn more about tax incentives you may qualify for today.

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Your Increased Deductions

The Tax Cuts and Jobs Act increased the maximum depreciation deduction limit for Section 179 from $500,000 to $1 million, and the limit on equipment purchases increased from $2 million to $2.5 million.

Under the new tax law, first-year bonus depreciation also increased from 50 to 100 percent of its cost. Both Section 179 and bonus depreciation allow 100 percent write-off on the cost of used equipment in the first year and require that the equipment be put into use in the year the purchaser takes the deduction. Purchases made and put into service after September 27, 2017 qualify for 2018 year-end tax savings.

For more information on 2018 year-end tax savings, visit:

Section 179 at a Glance for 2018

Section 179 Deduction Calculator

Section 179 Frequent Questions

Section 179 Flyer 2018


Purchase a new or used Cat® machine in 2018 to benefit from these significant tax advantages.*

Contact your Hawthorne Cat Representative at 800.437.4228 for more information.

 


*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.