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.
Dig into bigger savings and better performance on a versatile new Bobcat compact excavator. Buy one today and get 0% financing for up to 60 months* with cash rebates up to $10,000 USD*/$13,000 CAD*, or in lieu of financing, rebates up to $12,000 USD*/$15,600 CAD*.
Start the new year strong with special offers on a powerful new Bobcat compact track loader for your jobsite. Buy now and get 0.9% financing for up to 60 months* with cash rebates up to $1,500 USD*/$2,000 CAD*, or in lieu of financing, rebates up to $4,000 USD*/$5,200 CAD*.
Choose bigger savings and better equipment when you buy a new Bobcat skid-steer loader. Get 0.9% financing for up to 60 months* or in lieu of financing, rebates up to $3,000 USD*/$3,900 CAD*.
Purchase a new Bobcat mini track loader from a participating dealer in the United States & Canada and receive 0% APR for up to 36 months* or in lieu of financing rebates up to $400 USD* / $500 CAD*.
Purchase a new Bobcat utility vehicle from participating dealers in the United States & Canada and receive 0% APR for 48 months* OR in lieu of financing receive up to $500 USD* / $700 CAD* rebates.
Do more and save more when you buy a new compact tractor to tackle tough jobs around your property. Purchase one today and take home a free front-end loader,* or get 0% APR for up to 84 months.* You can also, receive a $400 USD*/$520 CAD* rebate by adding two three-point implements to your compact tractor purchase.
Purchase a new Toolcat™ utility work machine from participating dealers in the United States and Canada and receive 0% APR for up to 24 months* or in lieu of financing rebates of $1,000 USD* / $1,300 CAD*.
Purchase a new Bobcat small articulated loader from a participating dealer in the United States & Canada and receive 0.9% APR for up to 60 months* or in lieu of financing rebates up to $1,000 USD*/$1,300 CAD*.
For a limited time, buy a new Bobcat large excavator and get 0% financing for 48 months* plus rebates up to $12,000 USD* / $15,600 CAD*. Or in lieu of finance, cash rebates up to $17,000 USD* / $22,100 CAD*.
Purchase a new VersaHANDLER® telescopic tool carrier from participating dealers in the United States & Canada and receive 0% APR for up to 48 months* or in lieu of financing rebates of $5,000 USD* / $6,500 CAD*.
*Offer ends 5/31/2021. 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 5/31/2021. 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. Not all customers will qualify for delayed payment promotion. 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.