Take advantage of tax savings for 2025 while upgrading your paint department!
Many of our customers are taking advantage of increased savings in 2025 by purchasing qualifying machinery for their business from Harper Inc.! The section 179 tax deduction is allowing many customers to write off 100% of their purchase against their tax liabilities for 2025. This accelerates tax savings on equipment you purchase and allows many customers to deduct 100% of their purchase from their taxes in this calendar year.
Don’t wait too long because for the discount to apply, you must purchase and ship your equipment prior to the end of the year. Shipping slots for equipment are filling up fast!
Overview of Section 179 Tax Deduction for 2025
The Section 179 tax deduction allows businesses to deduct the full purchase price of qualifying equipment and software in the year they are placed in service. This deduction is particularly beneficial for small and medium-sized businesses.
Key Features for 2025
| FEATURE | DETAILS |
|---|---|
| Maximum Deduction | $2,500,000 |
| Phase-Out Threshold | Begins at $4,000,000 |
| Full Phase-Out Limit | $6,500,000 |
| Bonus Depreciation | 100% for qualifying purchases |
| Eligible Purchases | New and used equipment, off-the-shelf software, and certain improvements |
| Business Use Requirement | More than 50% business use required |
| Deadline for Purchases | December 31, 2025 |
Qualifying Assets
Eligible assets include:
- Machinery and equipment
- Off-the-shelf software
- Improvements to nonresidential real property (e.g., HVAC systems, roofs)
Benefits of Section 179
- Immediate Tax Relief: Businesses can write off the entire cost of qualifying purchases, improving cash flow.
- Encourages Investment: The deduction incentivizes businesses to invest in new equipment and technology.
- Flexibility: Businesses can choose which assets to deduct, allowing for strategic financial planning.
This deduction is designed to support small and mid-sized businesses, making it easier for them to invest in growth and modernization.
Harper Inc. is not your tax accountant and is not able to provide advice. It is our belief that most, if not all of our equipment would qualify for section 179, however, your unique business situation may override that assumption. It is your responsibility as the business owner to verify that your purchase of our equipment will qualify for the section 179 tax deduction and 100% bonus depreciation. Please verify all information with your own tax professional.