Work Cell Specials
Tax Deduction
The 179 Federal Income Tax Deduction has the potential to save you thousands while creating opportunities for expansion and savings. File for this deduction and benefit from your robot purchase.
$250,000 Tax Write-Off:
This deduction allows a company to subtract the first $250,000 of equipment purchased in 2009 from their taxable income. All companies purchasing up to $800,000 of equipment in 2009 are eligible for this deduction.
Use Tax Savings to Make Payments:
Companies purchasing equipment may see their tax savings cover their first year's leasing payments.Equipment leases that include a $1.00 buyout option qualify for the federal section 179 deduction. Companies may also be eligible for additional state and local tax deductions, plus interest deductions.
Standard Depreciation
Additionally, companies can take their standard depreciation deductions on the adjusted basis of qualified equipment. Machine tools & fabricating equipment are typically depreciated over seven years.
The total cost of property that may be expensed for any tax year cannot exceed the total amount of taxable income (determined after application of the investment limitation) derived from the active conduct of any trade or business during the tax year. Costs disallowed under this rule may be carried forward an unlimited number of years subject to the ceiling amount for each year.
Contact a RobotWorx sales associate at 740-383-8383 for more information.