Bonus Depreciation Available for 2019

With the end of the year approaching, Bonus Depreciation for 2019 is once again an available option for many of our clients, and that means this is a great time to buy!

Marathon clients purchasing their coach for business purposes may qualify for a government tax discount. This 100% Bonus Depreciation provision of the law allows purchases of new coaches in 2019 to qualify. For those looking forward to a profitable 2019, this could be a great way to receive substantial tax savings.

In addition, the Section 179 Enhanced Expensing is also available for those clients purchasing a new or pre-owned coach for business use. The purchase of qualified equipment in 2019 can be expensed up to $1,000,000 for a new or preowned coach in the year of the purchase. In this version, the purchase price threshold for reducing this expensing benefit has also been increased to $2,500,000. In addition, the Enhanced Expensing can be used in combination with the Bonus Depreciation. Here’s an illustration of the extensive savings you can enjoy:

As with anything tax-related, you should consult your accountant or tax professional to make sure this fits your unique circumstances. Some additional information can be found at www.section179.org.