Lift Smarter with section 179 tax savings
You may qualify for 100% accelerated depreciation on your next equipment purchase.
Contact your tax advisor to discuss your options as they relate to Section 179 expenses and accelerated depreciation.
More information available on irs.gov, and section179.org.
Get a Quote!
Section 179 Updates
Immediate Full Deduction
- Deduct 100% of the purchase price of agriculture equipment in the first year, instead of depreciating the equipment over 5-7 years.*
- For example, a $250,000 tractor can be fully deducted from taxable income, saving tens of thousands in taxes.
Improved Cash Flow
- The tax savings can be used to:
- Pay down equipment loans faster
- Invest in more projects
- Hire additional workers
- This is especially helpful for small to mid-sized contractors who need to manage cash tightly.
Applies to New and Used Equipment
- The accelerated depreciation applies to both new and used construction equipment, as long as it’s “new to you.”
- This gives buyers more flexibility in choosing cost-effective options.
Competitive Advantage
- Contractors who upgrade their fleet can take on larger or more complex jobs, increasing
revenue potential. - Newer equipment is often more fuel-efficient and reliable, reducing downtime and
maintenance costs.
More Flexibility
- Buyers can combine Section 179 expensing with accelerated depreciation for even more flexibility, especially if they hit the Section 179 cap.
Contact Us Today To Start Your Machine Purchase to take advantage of these tax savings!
*Restrictions may apply. Caterpillar Financial / Holt of California does not provide tax or legal advice, and the information provided on this flyer does not, and is not intended to, constitute legal or tax advice. Instead, all information and content provided herein is for general informational purposes only. Customers should always consult their legal, tax or accounting advisor before making any decisions
