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.
$25,000 Tax Write-Off:
This deduction allows a company to subtract the first $25,000 of equipment purchased in 2014 from their taxable income. Although this is much lower than last year's limit, it will still save you substantially! This means you can write off up to $25,000 in equipment purchased OR leased this year as long as you place it into service this year.
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.