Largest 179 TAX Deduction 2021

2021 SECTION 179 TAX DEDUCTION.

Now through December 31, 2021, eligible business owners can write off up to $1,050,000 when you purchase, finance or lease new or used equipment.  A $2,620,000 maximum can be spent on eligible equipment before the available tax deduction is reduced.  Also, a 100% bonus depreciation is available for new and used equipment, after the spending cap has been reached.  The bonus depreciation is retroactive to September 27, 2017 and good through 2022.

To compute your potential savings, go to the official Section 179 calculator.

We encourage you to contact your tax advisor concerning the 2021 Section 179 deduction and specific qualification details.

 

Mike Hedges

Want to be notified when trucks are added to our inventory? Click here to add your contact info!

California Postpones Periodic Smog Test Check for Trucks

By Mike Hedges | March 18, 2024

The California Air Resources Board has delayed the first periodic testing deadline for the Clean Truck Check Program to Jan. 1, 2025. However, this does…

Read More

Road check 2024: Inspectors looking for drugs, alcohol, and steady gladhands MAY 14-16

By Mike Hedges | March 1, 2024

Roadcheck 2024: Inspectors looking for drugs, alcohol, and steady gladhands Alex Lockie Feb 21, 2024 Updated Feb 29, 2024 The Commercial Vehicle Safety…

Read More

Cal Fleet Advisor is available to assist fleets as they navigate to zero-emission trucks

By Mike Hedges | February 16, 2024

February 15, 2024 Cal Fleet Advisor is available to assist fleets as they navigate to zero-emission trucks Free assistance program has helped more…

Read More