Put more money in your pocket using Section 179 because you deserve to be rewarded for hard work.
[Hurry] equipment must be placed into service by December 31, 2021
Improving your material processes with a RUBBLE MASTER crusher or screen will cut operational costs and improve your bottom line for years to come.
Your cost for your current material processes won't change unless you invest into new crushing & screening equipment.
Qualifying equipment must be purchased or financed and put into service by December. 31, 2021
Section 179 is a tax deduction that allows companies to write off the full purchase price of qualifying new and used equipment purchased during the calendar year. Companies can deduct the total of all eligible equipment purchased during the year, up to $1,050,000 in 2021. This makes Section 179 very attractive, since the company gets needed equipment and a nice tax write-off at the same time.
This is not meant as a tax or accounting advice. Please always consult your tax advisor if this makes sense for your business.
Typically, equipment is written off a little at a time through depreciation. In other words, if you spend $200,000 on a screening plant, it gets to write off (e.g.) $40,000 over 5 years if you chose a linear depreciation. Those numbers are just made up to give an example. Section 179 allows you to write off the entire purchase price of a crushing plant, screening plant, or any other type of qualifying equipment for the current tax year. This makes a big difference for contractors that use Section 179 to purchase equipment they need right now, instead of waiting.
The example below is just an indication assuming a 22% tax bracket.
|Purchase price of a crusher||$400,000|
|Section 179 deduction (deduction limit $1,050,000)||$400,000|
|Total first year deduction||$400,000|
|Cash savings on your purchase||$88,000|
|Cost of the crusher after tax savings||$312,000|
What would you do with an extra $88k ?
Since 1991, RUBBLE MASTER has brought numerous innovations to the market. We’re crushing & screening experts and work closely with contractors and aggregate producers world-wide.