Invest Now in Commercial HVAC Installation & Upgrades to Take Advantage of the New Section 179 Tax Deduction
New Tax Break Offers NYC Businesses Big Savings Upfront
Don’t Miss Your Chance to Save Big
A new provision in the Tax Cuts and Jobs Act now allows businesses to immediately expense commercial HVAC equipment and installation costs on both new and used equipment. It applies to purchases up to $2.5 million, with a $1 million deduction limit.
This is great news for businesses looking to upgrade to high efficiency systems or replace older units. Savings are now available upfront, versus the former depreciation over 39 years, creating a compelling incentive to act now while this incredible opportunity exists!
Section 179 varies widely from year to year.
Now is the time to invest and take advantage of the significant upfront savings before the opportunity disappears.
Contact Donnelly today to discuss your savings options.
Talk With Us
Call Donnelly Mechanical at (718) 886-1500 today.
Don’t Miss your Chance to Save Big!
26 U.S. Code § 179 of the Tax Cuts and Jobs Act:
“A taxpayer may elect to treat the cost of any section 179 property as an expense which is not chargeable to capital account. Any cost so treated shall be allowed as a deduction for the taxable year in which the section 179 property is placed in service.”