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.
$500,000 Tax Write-Off:
This deduction allows a company to subtract the first $500,000 of equipment purchased in 2013 from their taxable income. All companies purchasing up to $2,000,000 of equipment in 2013 are eligible for the $500,000 deduction. They just enhanced this and added an additional 2013 Bonus Depreciation of 50%!
Use Tax Savings to Make Payments:
Companies purchasing equipment could 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.
Contact a RobotWorx sales associate at 740-251-4312 for more information.