179 TAX DEDUCTION

Section 179 of the IRS tax Code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased of financed during the tax year, up to $1,000,000.

cost of equipment

section 179 deduction

Year One Write-Off

100% year-one bonus depreciation

Bonus Depreciation starts calculating after $1,000,000 limit is reached

regular first-year depreciation deduction

Based on Half-year MACRS 20% FYD

total first year deduction

Cash Savings on your Equipment Purchase

Assuming a 21% Tax Rate: Actual saving may be higher for certain S-Corp, LLCs and Partnerships

lowered cost of equipment after tax saving

Note: The deduction limit is $1,000,000 and the limit on purchased equipment is $2,500,000. Once the limit is exceeded, the 179 deduction is reduced dollar-for-dollar, i.e. at $3,500,000 of equipment purchased, the 179 deduction is no longer available.

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616-355-2800

*Please be aware that the information does not represent an approval to your financing request. A final decision for the requested quote – amount, rate and term – will be determined by LCA’s review of your business, including credit worthiness, as well as other requirements set forth by the LCA Credit Department.

International Material Control Solutions

International Material Control Solutions provides bulk material handling equipment and systems. IMCS provides individual equipment and system solutions for storage, evacuation, transfer and packaging. In addition to our product offerings, our contracting division Peerless Contracting Solutions provides turnkey solutions including equipment and system installation.

Value Proposition

Financing equipment allows businesses to get the equipment they need without affecting bank or credit lines. No matter the type of business, you need the proper equipment to efficiently compete and flourish. That’s why Lease Corporation of America provides financing options for International Material Control Solutions: so your business can reach its full potential.