Maeda mini cranes purchased in 2015 qualify for Section 179

Maeda USA LLC is reminding customers to take advantage of a federal tax credit for equipment by buying or leasing a Maeda mini crane.

The Section 179 tax deduction for 2015 is up to $25,000 for new or used equipment that was purchased or leased at $200,000 or less. As long as the equipment is purchased and used before the end of this year, it can be deducted off of a business's gross income.

Historically, the Section 179 deduction would be paired with another deduction called bonus depreciation. Bonus depreciation allows businesses to deduct a certain amount of presumed depreciation of a piece of equipment or even property over that asset's lifetime, all in the first year of purchase. That provision expired during the current session of Congress and has not been renewed.

Many heavy equipment companies and trade groups, including Associated Equipment Distributors, continue to lobby to have the Section 179 limit raised and bonus depreciation reinstated, though it's unclear if Congress will act in time to see any changes made this year.

Organizations in this story

Maeda USA, LLC 8505 South Loop E Houston, TX 77017

Get notified the next time we write about Maeda USA, LLC!