• Ford

1313 NE 122nd
Directions Portland, OR 97230

  • Sales: (877) 747-3480
  • Service: (877) 757-7640
  • Parts: (877) 758-5286
  • Quick Lane: (971) 266-8859

New Commercial Vehicles For Sale | Portland

      
            

  
Courtesy Ford
Commercial Truck Center
1-800-283-0816
John Skofstad
Fleet Director
503-408-2231 Direct
jskofstad@courtesyford.com

Larry Hogueisson
Commercial Accounts Manager
503-408-2237 Direct
lhogueisson@courtesyford.com

Will Schleve
Commercial Accounts Manager
503-408-2236 Direct
wschleve@courtesyford.com

   

Generous Section 179 deduction rules made permanent

The Section 179 deduction allows the cost of qualifying new and used depreciable assets (including most software) to be fully written off in Year One. For assets placed in service in tax years beginning in 2015 and beyond, the new law maintains the maximum Section 179 deduction allowance at the generous figure of $500,000 (same as for the last few years). For post-2015 years, the $500,000 cap will be indexed for inflation.

For tax years beginning in 2015, Section 179 deductions can also be claimed for up to $250,000 of qualifying real property expenditures. For 2016 and beyond the $250,000 cap on real property expenditures is eliminated. However, deductions allowed for real property expenditures reduce the overall $500,000 Section 179 deduction cap.

50% first-year bonus depreciation extended through 2017

The new law allows 50% first-year bonus depreciation for qualifying new (not used) business assets that are placed in service in calendar years 2015-2017. This break combined with the Section 179 deduction can lead to big tax savings for small and medium-size businesses.


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