Portable Restroom Trailers strives to provide our clients with the most affordable bathroom trailers on the market. But you can save even more money with a 179-tax advantage. Eligible companies can receive a deduction that will offset their purchase expense.
What is the 179 Tax Advantage?
The 179-tax advantage allows business owners to write off any qualifying piece of equipment purchased or financed within the tax year. So if a business purchases one of our bathroom trailers in 2023, they can get a deduction on their 2023 taxes.
Is My Equipment Eligible?
Any partnership, sole proprietorship, or corporation may be eligible for the 179-tax advantage. The equipment they claim must be used for business purposes more than 50% of the time. It must also be used within the tax year. The deduction limit for 2023 is $1,160,000 and the total equipment purchase limit is $2,890,000.
Qualified items include:
- “Off the shelf” software which is not customized and is available to the general public
- Office furniture
- Computers
- Work vehicles such as forklifts and trailers- i.e., vehicles that can’t be used for personal reasons
- Equipment used on the job
The deduction can be applied to used equipment like bathroom trailers. However, the equipment must be new to the company that’s purchasing it.
How Do I Become Eligible?
Your business or your tax prep expert must fill out IRS form 4562 to utilize Section 179. The form is used to claim deductions for tangible and intangible assets.
How Much Can I Deduct?
You can determine how much your deduction will be by using the Section 179.org tax deduction calculator. Deductions are based on the cost of the equipment and your tax bracket.
What are the Benefits of the 179 Tax Advantage?
- Helps small and medium-sized businesses afford equipment
- Stimulates the economy: Same-year deductions motivate businesses to act quickly on purchasing decisions. It helps providers generate income.
- Helps with loan payments: Businesses can earn deductions in the same year as their purchases. They can deduct the purchase price so they can pay off loans quickly without generating much interest.
- Helps with growth: The deduction makes buying equipment more affordable so businesses can start working and earning revenue. They can also invest the money they save on equipment in other parts of their business.
- Good for Startups: Startup companies often struggle to fund their business expenses. The 179-tax advantage lowers equipment costs so they can get up and running with fewer costs.
Apply the 179 Tax Advantage to Our Bathroom Trailers
Portable Restroom Trailers is dedicated to helping small businesses. We offer buy-back policies, lease-to-own options, financing, and information about tax advantages that will help you succeed. And once you purchase one of our bathroom trailers, you can use it to earn additional revenue.
Our clients benefit from our large selection and high level of customer service. We offer safe and sanitary bathroom trailers that can be used across various occasions and industries. We treat our customers with respect, courtesy, and transparency.
Contact us to learn more about your purchasing options.
