When purchasing a new machine, savings is the primary factor for many progressive fabricators. A large amount of savings can be had by customers who utilize the tax breaks that are available such as Section 179 and 50% Bonus Depreciation. However, with 2013 on the horizon, the end or reduction of these tax breaks is rapidly approaching.
In 2013 Section 179 will reduce its’ tax breaks from $139,000 to $25,000 deductable purchases and the current 50% Bonus Depreciation for any purchase totaling over $139,000 will be disappearing completely.
If you are considering taking advantage of the remaining Bonus Depreciation or Section 179, you must have your equipment installed by December 31st, 2012. If a machine tool investment is in your future – now is the time to act!
For more information, click here to contact a Peddinghaus representative.