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Section 179 Tax Deduction on Trailers

Attention Small Businesses!
 
Are you a small business or farmer and looking to purchase a new commercial trailer? Then you can save money by taking advantage of the 2018 Section 179 Tax Deduction. Whether you're in the market for a heavy-duty dump trailer, or gooseneck stock trailer, you may qualify for the Section 179 Tax Deduction if you use your new trailer for commercial use for more than 50% of the time. Read below for more information about Section 179 Deduction and how you can save on your new trailer.
What is the Section 179 Deduction?
The Section 179 IRS tax code allows businesses to deduct the full purchase price of qualifying equipment that are purchased or financed during the tax year. Section 179 was created with the small business in mind, to encourage them to invest in themselves and help expand their business. The deduction limit for 2018 is $1,000,000 and the deduction is available to all small business that spend less than $3,500,000 during the tax year.

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