Tax Advantages of Equipment Leasing
Under old tax law, when you leased certain types of equipment you were only allowed to depreciate 50% of that property and only qualified property was exempt from the alternative minimum tax (AMT) depreciation adjustment.
The 2010 Tax Relief Act, however, now allows you to depreciate 100% of qualifying property acquired and/or placed in service after September 2010 and before Jan. 1, 2012. Additionally, the new tax bill increases the §179 expensing limit and phase-out amount to $125,000 and $500,000, respectively, for tax years beginning in 2012.
Find Out More
Now might be the time to take advantage of our leasing program for that extra piece of equipment you’ve been needing in order to expand your business while saving big on taxes.*
Call Five Point Capital at 800-317-3404.
*The information provided above is not intended to be construed as expert tax advice. Please consult professional tax attorneys for individual evaluation of your situation.