tracey road equipment construction equipment freightliner safety tracey road tracey heavy-duty truck wheel loaders western star construction industry service trucks snow removal skid steers trucking industry kobelco excavators western star trucks new holland rental hyundai hyundai construction elite support parts heavy-duty trucks cascadia employment heavy trucks and machinery truck drivers kawasaki takeuchi terex trucking jobs detroit diesel hard hat compact excavators track loaders construction jobs daimler material handling construction safety jobsite safety liebherr used rental construction equipment maintenance new york state new holland construction paving hydraulic excavators freightliner trucks demolition open house hauling trailers daimler trucks snow dragon governor cuomo kawasaki loaders jobs terex construction construction wheel loader construction dealership excavator snow melter a-ward construction conditions oshkosh container loader recycling mini excavators bradco bridge jobs terex compact tappan zee bridge truck driver equipment rental dump trucks toll increase fuel economy newholland oshkosh airport earth moving cascadia evolution hyundai wheel loaders work zone safety snowplow kawasaki wheel loaders snow blades accubrine construction equipment service truck dealership backhoe engines section 179 truck tires pro-tech heavy equipment cummins diesel kobelco construction machinery compactors protect my iron vocational western star 5700 compact equipment dealership truck industry driving rules semi trucks truck inspection summer weather emissions preventative maintenance asphalt paving tire inflation skid steer attachments equipment attachments safety watch backhoes tl12 kawasaki z7 total cost of ownership sk350 forestry dw3060 terex backhoe tl10 american trucking associations mini excavator water trucks danger kawasaki z7 loaders western star 4700 skid steer felling trailers freightliner truck detroit assurance epa natural gas trucks brine maker 92z7 90z7 85z7 telescopic forklift fuel effieciency roller safety fuel efficiency construction rental winter weather schwarze winter driving freightliner elite dealer truck sales customer rewards fuel efficient company news rental equipment natural gas technology truck driving costs adi agency tracey-road-equipment extended warranty construction market 200 series construction economy sakai 80z7 5700xe express assessment tractor loader backhoes dressta crawler dozer construction apps asphalt coronado construction projects nys thruway artba infrastructure 2012 construction equipment rental construction equipment dealership container tilter container loaders container tilters container unloader scrap handling compact excavator 95z7 asphalt pavers pavers terex skid steer conexpo cargill deicing airport snow removal natural gas hyundai loaders new york state fairgrounds osh kosh truck b95 driver training canada bluetec 2013 market walmart sv510st supercube fall protection dirt roller fatal falls tractor loader backhoe track loader loader osh kosh trucks soil compactor dangers unsafe openings new holland parts r330lc-9a r380lc-9a tier 4 r300lc-9a schwarze asphalt patchers terex ta300 tier 4 loaders sk17sr sk27sr terex environmental whole tree chipper parking lot sweeper terex chippers biomass chippers sk35sr sk55srx off road dump truck haul trucks boom mowers brush control over the rail mowers alamo industrial alamo boom mowers fuel efficient truck smartway construction equipment management fleet force kobelco cooling system kobelco excavators articulated trucks indr cooling system hl780-9a eilte dealership hl770-9a schwarze supervac aero supervac aero r260lc-9a factory warranty chips funding protective equipment cnh parts store partstore consolidated local street and highway improvement new york state roads woodsman chipper undercarriage local events terex chipper chippers vocational applications checklist cng trucks 875e material handler scrap handler compact loaders e series cedar rapids kawasaki 92z7 z7 wheel loader kawasaki 45zv ffc 122sd severe duty sweepster paladin attachments harley mcmillen bobcat recycled waste contracts ogs all truck supershow bid technicians inspections preventive routine king of trucks mud bog new your state cancer research christine schoeck blakely long reach excavator henderson harbor off-road truck pulls dredging fleet budgets equipment hos hours-of-service pain points fmcsa 34-hour restart nys senate roads and bridges 100 air-mile radius reset u.s. federal motor carrier safety administration navistar adverse conditions bill kugler international heat-stress air conditioning heat ovarian cancer upstate cancer center h-series western star 4900 cold planer virtual technician new york state cdl ghg14 front end loaders experience counts quick couplers winterize heavy equipment magnum mulcher sewer cleaning equipment sewer trucks fecon fae asphalt rollers dirt rollers roller gas prices trench boxes nys dot traffic chinese graders rollers zumbathon truck inspections east syracuse ny outsourced construction women generations technology z7 series eobs electronics eyewear csa 2010 new york bridge reform act green technologies just joe j.d. power power lines caution interstate trailers trailer awareness ratings osha destiny usa truck lease renovation carousel mall biofuel noise particulates rebuild celebrates 30 years daimler trucks north america diesel mechanics technical career schools technician cargill salt brine jobsite inspection plows syracuse winters longer trailers oversize trailers mislide mitilt cautiously optimistic trailer types short roll-off pup trailers right trailer for job shopping sustainable cross stability bar live bottom loading trucking companies tax reform representatives small businesses moveable floor conveyor unit open top trailer jd power on-highway satisfaction study racing brewerton speedway pinterest unloading obama law autocar xspotter yard tractor woodsmen's field days logging syracuse ny chipper woodsman dieci empire farm days 1099 ata healthcare hl760 earth care farm open for business composting dump truck material handlers crossing canada border trucking program wheeled excavator rpm fuel costs kobelco usa 114sd large trucks osha regulations detroit integrated doppstadt grinder shredder wounded warriors kobelco excavator duraclass hi-poss tlb840 pr756 pr746 aftermarket parts and accessories minimizer freightliner business class women in trucking neway adz series meritor tire inflation system hl740-9a freightliner m2 106 m2 106 rolling resistance tax incentive liebherr dozer truck driving tips 5700 xe operation checklist tlb840r heavy duty trucking jobs for veterans protech protech snow blade protech snow pusher proper machine maintenance machine maintenance equipment maintenance equipment service equipment storage snow blade snow pusher demolition danger demolition hazard engineering survey report construction equipment industry winter storage snow removal equipment snow removal machine end of winter maintenance trucking labor department ac repair alliance battery construction employment associated general contractors ceg construction equipment for sale construction technology antifreeze blown tire truck battery truck maintenance truck service truck ac repair summer truck maintenance coolant summer maintenance clutch brake drums sakai rollers skid steer safety online store compaction aerodynamic specs downspeeding western satr press release truck driving safety accidents long haul detroit compaction safety 18 wheeler important tips loaders medium-duty-truck axles maintentance fleet-maintenance heavy-truck-specs hydraulic-systems hydraulic wheel-loader queensbury new-york-truck western-star dump-bodies new-holland drivetrain truck-tires loader-backhoe tax incentives j&j-bodies truck-bodies medium-duty autonomous truck kobelco sk350lc-9e kobelco. sk350 freightliner cascadia truck parts reference tool 115z7 xtreme loaders alliance parts compact track loader tracked skid steers likufix supertruck alliance truck parts liebherr attachments options design our star customizable truck powertrain medium duty trucks hyundai 900 series lgp trucks natural gas truck salt brine cargill allied attachments allied construction products allied demolition personal protective equipment ppe fleets gas purchases fuel saving tips fuel reduction agility fuel systems terex v350s terex r260s terex skid steers jobsite hazard compact equipment dealer terex pt110g driverless equipment driverless trucks rubber tracked skid steers pt110g loader 4900 western star dump evolution google car remote controlled truck electric truck engines electric trucks hybrid trucks selective catalytic reduction scr technology def fluid diesel exhaust fluid exhaust fluid 4800 4700 demolition tools excavator shears labounty shear concrete pulverizers concrete crackers small backhoes terex tlb890 allied shear mobile shears shears equilibrium handlers hydraulic-hoses scrap handlers snd900 snd850 snd1800 snd5400 45zv compact wheel loader degelman attachments dieci forklift dieci telehandler r80cr-9 r55-9 multifunction telehandler hyundai mini excavators r35z-9 telehandler cascadia 113 hyundai rollers freightliner truck lease heavy duty truck lease hyundai dirt roller hyundai compaction westport isx12g hyundai asphalt roller dieci telehandlers dieci agritech oshkosh h-series oshkosh trucks runway brooms award mislide screening plants small loader doppstadt screening plants. mulch recycling doppstadt trommel runway plows runway snow removal brine system kawasaki recycling agri tech accubatch shredding doppstadt dw doppstadt shredder compact backhoe trout river trailers tier 4 engine tier 4 final tier iv engine equipment with tier 4 engine e-newsletter used trailers customer e-newsletter customer newsletter tier iv final construction business warranty warranty coverage big rig fuel economy contractors sales equipment financing financing trailers for sale trailer rental terex tc50 compact excavator utility felling decking terex tc50 tc50 electrical landscaping plumbing felling hydraulic ramp felling load security trailer dealership trailer decking trailer load security new trailers machine rental felling ramp hydraulic trailer ramp commercial trucking fuel consumption repairs equipment theft social media fuel hyundai wheel loader routine maintenance hl730-9a hyundai hl730-9a stolen backhoe stolen equipment trucking regulations live bottom trailers shuttle floor trailers hours of service rules hos rules stolen excavator stolen skid steer new holland backhoe preferred dealer network 2014 product guide product guide customer loyalty trade show giveaways nhtsa ooida expo earn cash back highway funding truck professionals design our star project dtna highway tax fund shortfall fuel tax conexpo 2014 las vegas new lease rules
Taxes may be inevitable, but no one wants to pay more than necessary. With just one more month to go in 2016, it's time to assess your tax situation, especially in regard to last-minute truck and equipment purchases.
If you buy now, you may be able to take advantage of incentives that could significantly reduce your 2016 tax bill. Acting now will also ensure you have the equipment in place to kick-start your 2017 projects. And you'll pay winter prices. There are two programs to consider -- Section 179 deductions and bonus depreciation. Normally, equipment you purchase is depreciated over a certain number of years, depending on the type of asset and its useful life, as determined by the government's Modified Accelerated Cost Recovery System. (MACRS is what your accountant uses to figure depreciation formulas.) Section 179 allows you to expense the full depreciable amount in the year you buy the equipment, rather than spreading it out. You can use Section 179 and bonus depreciation separately or together, as long as the equipment you purchase qualifies. This can be a tremendous tax benefit, but it isn't to your best advantage in every instance. You'll want to pencil it out, in relation to your overall tax picture. The program covers both new and used equipment. Up to $2 million in purchase price, you can deduct up to $500,000. Between $2 and $2.5 million in purchases, the deduction decreases dollar-for-dollar. It goes away altogether above $2.5 million. You can use this online calculator to get an idea what your deduction might be. The $500,000 cap applies to tax year 2016, but it will ride with inflation in future years, in $10,000 increments. So it could be more or less in 2017 and beyond. Congress has extended this tax program through 2019. It allows you to front-load depreciation only on new equipment, though. For qualifying 2016 truck and equipment purchases, you can deduct 50% of the full depreciable amount, then the remaining half will be depreciated as usual following the MACRS schedule. The 50% amount applies to tax year 2017, too, then it goes down to 40% in 2018 and 30% on 2019. That's something to keep in mind as you'se planning future equipment investments. There are maximum amounts attached to this depreciation program, but it might be possible to carry over any excess into the next tax year. We expect many of our customers will want to take advantage of these year-end tax incentives. We'se ready to help. But incentives apply only to equipment and trucks that are financed and in place by midnight, December 31, 2016. That means banks and financing companies will undoubtedly be very busy, so it's crucial to get your deal(s) submitted as early as possible. Wait too long, and you could miss out. Of course, only your CPA/financial advisor can give you advice specifically tailored for your business. We recommend you get with them right away to decide if you should take advantage of either of these tax-saving options. If so, let us know right away, so we can connect you with exactly the right equipment.