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Section 179 Deduction For Equipment

2020 Deduction Limit = $1,040,000

This deduction is good on new and used equipment, as well as off-the-shelf software. To take the tax deduction for the tax year 2020, the equipment must be financed/purchased and put into service by the end of the day, 12/31/2020.

2020 Spending Cap on equipment purchases = $2,590,000

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive".

Bonus Depreciation: 100% for 2020

Bonus Depreciation is taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is now available for new and used equipment.

What Is Section 179?

Section 179 was designed with businesses in mind. That's why almost all types of "business equipment" that your company buys or finances qualifies for the Section 179 deduction.

All businesses need equipment on an ongoing basis, be it machinery, computers, software, office furniture, vehicles, or other tangible goods. It's very likely that your business will purchase many of these goods during the year, and will do so again and again. Section 179 is designed to make purchasing that equipment during this calendar year financially attractive.

How Much Can You Deduct?

Use the calculator to see how much you can save on your 2020 equipment purchase. The free calculator allows you to see how much your tax liability can be reduced.

 

Note: This is provided by Bobcat as a courtesy to equipment buyers and should not be construed as tax advice or as a promise of potential tax savings or reduced tax liability.  Please contact your own CPA or tax attorney to see how this may apply to your situation.

Bobcat Mini Excavator Sales Program Promotion Image
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0% Financing or Cash Rebates on Compact Excavators

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0% Financing or Cash Rebates on Utility Vehicles

Purchase a new Bobcat utility vehicle from participating dealers in the United States and Canada and receive 0% financing for 24 months**, or, in lieu of financing, receive up to $500 USD**/ $650 CAD** in rebates.

The offer starts 04/01/2022 and ends 06/30/2022

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0% Financing or Cash Rebates on Compact Tractors

Purchase a new compact tractor and get 0% financing for up to 84 months**, or, in lieu of financing, receive rebates of up to $2,000 USD**, and a 6 Year, 2000 Hour Powertrain Warranty.

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0% Financing or Cash Rebates on a Toolcat Utility Work Machine

Save a bundle when you purchase the machine that does the work of an entire fleet. Buy a new Toolcat™ utility work machine and receive 0% financing for 24 months**, or, in lieu of financing, receive up to $1,000 USD** / $1,300 CAD** in rebates.

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0% Financing or Cash Rebates on Zero-Turn Mowers

Purchase a new Bobcat zero-turn mower from participating dealers and receive 0% financing for up to 60 months* Or, in lieu of financing, receive select-model rebates of up to $750 USD*/$1,000 CAD**.

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0% Financing or Cash Rebates on a TL923 Telehandler

Purchase a new telehandler telescopic tool carrier from participating dealers in the United States & Canada and receive 0% APR for up to 24 months* or in lieu of financing rebates of $2,300 USD* / $3,000 CAD*.

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*Offer ends 6/30/2022. Available at participating and eligible dealers only. Offer may vary by product type, series, model and select units in dealer's current inventory. Must take delivery from dealer stock by 6/30/2022. Offers available on new equipment in US and Canada only. Some restrictions apply. Length of contract may vary. Prior purchases not eligible. See dealer for details. Financing provided on approval of credit by authorized Bobcat finance providers to well-qualified buyers. Administrative fees may apply. Offer not available to government accounts, national accounts and municipal/utility bid customers. Non-commercial customers may not be eligible for low rate financing. Bobcat Company reserves the right to extend or discontinue any of these programs at any time without prior notice.