Section 179 Tax Deduction for Portable Restrooms
As we head into the 4th quarter of the year, it's time to set those final goals for the company and take care of important tasks that will increase income. This means carefully reviewing money spent on business to discover big ticket tax write-offs, and portable restrooms quality.
As business owners and entrepreneurs, we know that your number 1 goal is to save money and increase profit. You are always on the lookout for not only a great deal, but for short-term and long-term solutions that help you grow as a business. We know the feeling - here at Portable Restroom Trailers, we are always trying new strategies to keep that income in the green and rising.
As a nation founded on principles of individual success and making something great out of nothing, the government supplies a number of tools to help small businesses find their ground and grow. One of these tools is the Section 179 Deduction.
Under the Section 179 Deduction, you can earn a tax break by selling and buying now! This is a savings for all business owners that not many are aware of; there is no advantage in waiting to sell or buy new restroom trailers. If you wait until January 1, 2022, you may actually lose money!
Capitalize on great deals with our in-stock units to save on the total cost, and ensure delivery by December 31, 2021 to qualify for the section 179 deduction.
What is the Section 179 Deduction?
As stated on the IRS website:
“You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. This is the section 179 deduction. You can elect the section 179 deduction instead of recovering the cost by taking depreciation deductions.”
Using the Section 179 tax code, you can deduct the full purchase price of any equipment which qualifies and is purchased or financed during the tax year in question. What this means is if you buy or lease equipment (like portable restroom trailers), it is possible to deduct the full purchase price from your gross income. By adding up your total equipment, software, and vehicles purchased for your business in 2017, you can write off or expense up to 100% of the cost of a portable restroom for purchase for up to $500,000, and then 50% of the remaining balance up to $2,000,000! Leveraging this deduction allows businesses to jump on what they need now instead of waiting over the next few years by only writing off the depreciation values. With industry price increases on the horizon reaching 6-10%, this is just another reason to purchase now instead of waiting.
To learn more on the IRS website,click here.
Use the Section 179 Deduction on Portable Restrooms
Assets eligible for the deduction don’t need to be brand new, just new to you. This means that new and used restroom trailers are applicable. If you purchase a new portable restroom or shower trailer, we also offer a great one-year buy back program of up to 80% of the original purchase price based on unit condition.
To make this process easier for our customers, we have secured extremely attractive financing through our bank. We are offering 90 days same as cash with some of the best rates ever on portable restrooms and equipment. Contact us at 1-866-275-7092 to learn more about our financing offers.
For more information, visit this site devoted to this tax deduction. Please make certain you also have an educated conversation with your tax preparer; you will need to fill out part one of IRS form 4562 for this deduction.
Want a little more information?
Request a quote, contact us, or give us a call at 1-866-275-7092 to find out about taking advantage of the Section 179 Deduction on your portable restrooms lease, purchase, or sale! In order to qualify, equipment must be purchased and shipped by December 31st, 2021, so act soon!
To see what restroom trailers are available for this deduction, check out the Available Now section on our website.