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.
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 is taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is now available for new and used equipment.
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.
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.
Break ground and save big with a new Bobcat® compact excavator. Get 0% financing for up to 24 months* or, in lieu of financing, receive select-model rebates of up to $2,400 USD*/$3,100 CAD*.
Load up on savings – and performance – when you add a new Bobcat compact track loader to your equipment fleet. Buy now and get 0% financing for up to 24 months*, or, in lieu of financing, choose select-model cash rebates of up to $1,600 USD*/$2,100 CAD*.
Accomplish more and spend less when you buy a new Bobcat skid-steer loader. Get 0% financing for up to 24 months* or in lieu of financing, select-model rebates of up to $1,300 USD*/$1,700 CAD*.
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.
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** / $1,3000 CAD** in rebates.
Save big on a new small articulated loader. Receive 0% financing for up to 24 months*, or, in lieu of financing, choose select-model cash rebates of up to $1,000 USD*/$1,300 CAD*.
Purchase a new VersaHANDLER® 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*.
*Offer ends 03/31/2022. 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 03/31/2022. 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.