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Haas Factory Outlet - Anaheim

A Division of Machining Time Savers, Inc.

1338 South State College Parkway
Anaheim, CA 92806
Phone: (714) 635-7373
Fax: (714) 635-3268 info@mtscnc.com
 
Haas Factory Outlet - Anaheim
A Division of Machining Time Savers, Inc.
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The Federal Section 179 Deduction increased to $1,000,000 for 2018

section 179Section 179 Federal Income Tax Deduction: This deduction allows a company to deduct the first $1,000,000 of equipment (Section 179 Property) acquired in 2018 from their taxable income. For companies acquiring up to $2,500,000 of equipment, this deduction is available in full. It then phases out on a dollar-for-dollar basis for amounts over $2,500,000. In addition to the $1,000,000 write-off, companies can take 100% bonus depreciation on the adjusted basis of their qualified equipment acquired in 2018.