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Are you aware that your customers can deduct up to $139,000 of equipment cost in 2012?

Learn more about the Section 179 Tax Break 

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Here is what is new with Section 179 in 2012:

  • The deduction limit for Section 179 is now $139,00
  • The 2012 Section 179 Deduction threshold for total amount of equipment that can be purchased is now $560,000
  • Most new and used equipment, as well as some software, qualify for the Section 179 Deduction
  • Only new equipment purchased in 2012 qualifies for the "50% Bonus Depreciation"
  • When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation

Calculate Your Own Deduction


Cost of Equipment:
$

Section 179 First Year Write-Off:
$

50% Bonus Depreciation:
(On any remaining amount above $139,000)
$

Normal First Year Depreciation:
(Depreciation calculated at 5 years = 20%)
$

Total First Year Deduction:
(Add Section 179 Deduction, Bonus Depreciation
and First Year Depreciation)
$

Tax Savings on Equipment Purchase:
(Assuming a 35% tax bracket)
$
Lowered Cost of Equipment after Tax Savings:  $ 

*Credit and equipment restrictions apply. This program does not assume you are eligible to take advantage of the IRS Section 179 depreciation schedule which allows rapid first year depreciation of certain assets acquired. The amount of previous depreciation you may have used may affect your ability to utilize the elections. The Section 179 deduction is applicable on amounts less than $2,000,000. Please consult your tax advisor or accountant for additional information. The data and descriptions above are presented for informational purposes only.  Neither Manitowoc Finance nor any of its affiliates are tax advisers or consultants.

Looking to purchase a Manitowoc Product?
Are you a dealer/distributor looking for financing options?

Financing is available to qualifying customers within the 50 United States and Canada only.