Don’t Miss Out on 2016 Tax Savings
New and used trucks can save your business big bucks with these tax incentives.
If your business is in need of an addition to your truck fleet, now is definitely the time to take action. No, it’s not because it’s the holidays and your fleet manager deserves a gift – it’s because buying now can help you save big on your 2016 tax bill.
That’s because of the Section 179 Deduction. According to the IRS, “you can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service.” That includes property acquired by purchase for business use.
Buy a new or used truck today, and get it in service before the deadline passes. On tax day, you’ll be glad you did. To find out more, take a look at the IRS’ official Section 179 website, as well as this handy calculator that can show you how much you might save. Or for more personalized help, feel free to contact us: call Tom Moran at (574) 780-3101 or Pat Gurthet at (574) 780-2460 and see how Wiers can help.