Take Advantage of Section 179 Benefits in 2024
If you're considering upgrading your fleet, 2024 is the year to act. Thanks to Section 179 of the IRS Tax Code, businesses can deduct up to $1,220,000 for qualifying equipment, including trucks purchased or leased. Additionally, you can secure a 60% bonus depreciation—but only until 2025, when it drops to 40%.
What Is Section 179?
Section 179 allows businesses to write off the full purchase price of qualifying equipment instead of depreciating it over time. It’s designed to encourage investment in your business and offers substantial savings when acquiring new or used equipment.
Why Act Now?
- Maximize Your Deduction: Deduct up to $1,220,000 on qualifying purchases.
- 60% Bonus Depreciation: Take advantage of higher bonus depreciation rates before they decrease.
- Deadline: Equipment must be in service by December 31, 2024 to qualify.
Qualifying Trucks at Premier Truck Sales and Rental
We offer a wide range of trucks and trailers that qualify for Section 179 deductions:
- Automated Side Loaders
- Front Loaders
- Rear Loaders
- Roll Offs
- Hooklifts
- Day Cab Tractors
Our experts can help you choose the best vehicles for your business and ensure they meet IRS requirements.
Consult Your Tax Professional
Every business is unique. While Section 179 provides significant tax savings, we recommend consulting your tax professional to understand how these benefits apply to your specific situation.
Contact Us Today
Don’t wait until it’s too late! Explore our qualifying inventory and lock in your tax savings. Contact Premier Truck Sales and Rental to learn more.
Invest in your fleet today and save for tomorrow.