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 Important Tax Information For 2008 To Help You Buy New Equipment For Your Business!

The new 2008 Economic Stimulus Bill almost doubles the value of the Section 179 expense perk. It allows a business to deduct as much as $250,000 of qualified expenses in 2008 with an extra 50% tax deduction on qualified new equipment purchases regardless of the total accumulated purchase amount in 2008. 

If you start an equipment lease with a $1.00 purchase option you can take advantage of Tax Code Section 179 and expense up to the amount allowed for the year the equipment is installed.

Taking advantage of these tax savings by financing your equipment with $0 Down*,  could mean the savings will exceed your first's year payments on the equipment.  
   Use our Tax Savings Lease Calculator To Find Out How Much Your Business Can Deduct. Input the cost of the equipment in the shaded box below and click on the Calculate Button.
Type In Cost Of Machine

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Section 179 Deduction For 2008††

Bonus Depreciation

Regular First Year Depreciation Deduction

Total First Year Deduction

Cash Savings on your Equipment Purchase+

Lowered Cost of Equipment after Tax Savings

+Assumes 35% Tax Bracket  ††An Equipment Purchase exceeding $800,000 the section 179 $250,000 deduction begins to phase out dollar for dollar to a limit of   $1,050,000 during the tax year.

How Leasing Can Be Of Benefit To You!

A Non-Tax/Capital Lease can take advantage of Section 179!  Non-Tax/Capital Leases include a $1.00 buyout lease, an Equipment Finance Agreement (EFA) and a 10% Purchase Upon Termination Lease.

If you would like to get a financing quote you can click here.

Remember if you are thinking of buying a machine now is the time to invest.  We will provide you with a low rate Equipment Leasing and Finance quote so you can acquire the business equipment you need.

Contact us today 800-669-7527 or get an online lease quote by clicking here

 

 

††Any tax-related information provided by National Machine Tool Financial is not intended as and should not be construed as legal, tax, or investment advice. You should always consult your tax advisor to help answer specific questions regarding how tax laws apply to you and/or your business. The tax summary we have provided is necessarily incomplete, and the tax laws and regulations are subject to change. Therefore, Netlease.com does not guarantee and is not liable for the accuracy or completeness of any tax information provided, or any results or outcome as a result of the use of this information. Please review these resources for additional information about tax regulations: www.irs.gov *On Approved Credit.

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