Updates to the tax deduction and MORE questions answered!
Section 179 of the IRS tax code gives businesses the opportunity to deduct the full purchase price of forklifts and other qualifying new business equipment purchased or financed during the tax year up to $500,000 with an added bonus first year depreciation benefit. This years’ spending cap of $2,000,000 is an advantage for small business. Increasing savings and providing for higher profit margins. The PATH Act 2015 (“Protecting Americans from Tax Hikes Act of 2015”) allows for an added 50% bonus first year depreciation deduction.
Our line of Toyota forklifts, from internal combustion lift trucks to electric pallet jacks, are a seamless fit for most applications. In addition, we offer narrow aisle forklifts with swing-mast technology for the high pallet density warehouses and facilities along with complimentary fleet equipment such as utility vehicles, aerial work platforms, multi-directional lifts and more. SIE has added heavy pneumatic forklifts, container handlers and reach stackers to our lineup for the convenience of the lumber, pre-cast materials, port industries and more that we serve throughout the Southeast.
Our customers come to us looking for the top of the line equipment as well as the superior service we are known for. Contact Southeast Industrial Equipment to get a quote for your next equipment purchase or lease and calculate your savings for 2016 below!
Calculate your savings
Section 179 Tax Deduction Calculator