Hawthorne Cat Announces Potential 2018 Year-End Tax Savings
SAN DIEGO (PRWEB) October 12, 2018 -- Hawthorne Cat, the exclusive Cat® equipment dealer in San Diego, the Hawaiian Islands, and the Pacific Region, is proud to announce potential increased year-end tax savings! Now through the end of the year, customers who purchase new or used equipment may benefit from significant tax advantages due to the Tax Cuts and Jobs Act.
Signed on December 22, 2017, the Tax Cuts and Jobs Act increased the maximum depreciation deduction limit for Section 179 to $1 million and the limit on equipment purchases to $2.5 million. It also expanded first-year bonus depreciations to include new and used equipment bought and in service after September 27, 2017.
First-year bonus depreciations also increased to 100 percent under the new law. 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. Machines purchased and put into service after September 27, 2018 also qualify for 2018 year-end tax savings.
For more information on 2018 year-end tax savings, visit: https://www.section179.org/.
For more information on qualifying Hawthorne Cat machine tax savings*, visit: https://www.hawthornecat.com/2018-year-end-tax-savings.
*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.
Carolyn Mitchell-Voss, Hawthorne Cat, https://www.hawthornecat.com, +1 858.674.7167, [email protected]
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