Take advantage of Section 179 & Bonus Depreciation before the end of the year
When you purchase and place eligible Schutte Hammermill equipment into service before year-end, you may be able to deduct a significant portion — or even the full cost — on your annual taxes.
Buy the mill you need, expense it this year, and cut the after-tax cost dramatically — installed and in service by December 31.
What You Need to Know
- Section 179 Deduction allows businesses to expense qualifying equipment purchases in the year they are placed into service, up to the current IRS limits.
- Bonus Depreciation may be used in addition to Section 179 to accelerate deductions on eligible equipment costs above the Section 179 threshold.
- Deadline to qualify, equipment must be purchased and placed in service by December 31
How It Works
1. Purchase eligible Schutte Hammermill equipment.
2. Put it in service before December 31.
3. Deduct the cost on your taxes
See Your After-Tax Cost
Example:
- Equipment Purchase Price: $200,000
- Section 179 + Bonus Depreciation Deduction: $200,000
- Tax Savings (at 35% rate): $70,000
- Net After-Tax Cost: $130,000
By leveraging these incentives, you lower your equipment cost while boosting your company’s productivity.
Frequently Asked Questions (FAQ)
Q: What types of equipment qualify?
A: Most tangible business equipment, including Schutte Hammermill’s full line of industrial grinding mills and size reduction systems, qualifies under Section 179.
Q: Does leased or financed equipment qualify?
A: Yes. Equipment that is financed may still qualify, as long as it is installed and in service by December 31
Q: Do used machines qualify?
A: Yes, both new and used equipment qualify for Section 179 and Bonus Depreciation, as long as it’s new to you.
Q: What if my purchase exceeds the Section 179 limit?
A: Bonus depreciation may be applied to eligible costs above the Section 179 threshold, allowing additional accelerated deductions.
Why Act Now?
- Beat the December 31 deadline
- Take advantage of accelerated depreciation while it’s available
- Improve cash flow and reduce net equipment costs
- Invest in proven Schutte Hammermill size reduction solutions
Fill out the form to connect with our team. We’ll help you choose the right equipment and ensure delivery in time to qualify for these tax incentives.
This information is provided as a general overview and should not be considered tax advice. Please consult with your tax professional to determine how Section 179 and Bonus Depreciation apply to your business.