SAN DIEGO (PRWEB) November 20, 2019
Hawthorne Cat®, the exclusive Cat® equipment dealer in San Diego, the Hawaiian Islands, and the Pacific Region, is proud to announce potential 2019 year-end tax savings. Now through the end of the year, customers who purchase new or used equipment may benefit from significant tax advantages.
Under the Tax Cuts and Jobs Act signed on December 22, 2017, the maximum deduction limit for Section 179 has increased to $1 million and equipment purchases to $2.5 million. The tax law also extended first-year bonus depreciations to include new and used equipment purchased and in service after September 27, 2017.
Both Section 179 and bonus depreciation now allow 100 percent write-off on used equipment in the first year and require that the equipment be put into use in the deduction year. All machines purchased and in service before December 31, 2019 may qualify for 2019 year-end tax savings.
For more information on 2019 year-end tax savings, visit: https://www.section179.org/section_179_deduction/.
For more information on qualifying Hawthorne Cat equipment tax savings*, visit: https://www.hawthornecat.com/year-end-tax-savings.
*Hawthorne Cat does not provide tax advice and this should not be considered tax or legal advice. Customers should always consult their legal, tax, or accounting advisor before making decisions.
About Hawthorne Cat
Hawthorne Cat is the authorized dealer for Cat construction and power equipment in San Diego, Hawaii, Guam, Saipan and American Samoa. Hawthorne sells, rents, provides parts and service, training, and emission solutions to various industries including general building construction, landscaping, marine, paving, and power generation. For more on Hawthorne Cat, visit https://www.hawthornecat.com/.