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Invest in New Equipment - IRS Section 179 Explained

Understanding Section 179:

Section 179 of the Internal Revenue Code allows small and medium-sized businesses to deduct the full cost of qualifying equipment from their taxable income in the year the equipment is purchased. This provision is designed to incentivize business investments in equipment that can help improve operations. For the 2024 tax year, the deduction limit is set at $1,220,000, although it’s essential to check current IRS guidelines or consult a tax professional, as tax limits may change.

 

Criteria for Section 179 Deduction Eligibility:

  • Physical (Tangible) Equipment: The equipment must be something you can see and touch, like machinery, furniture, or other physical assets used directly in business operations.
  • Primarily for Business Use: To qualify, the equipment must be used over 50% of the time for business purposes. Its primary function should serve business needs rather than personal use.
  • New or Pre-owned Equipment: Both new and used equipment qualify as long as they meet all other requirements.
  • In Service During the Tax Year: The equipment must be "placed in service," meaning ready and available for use, within the tax year you claim the deduction.
  • Actively Used: The equipment must be actively used in daily operations, not held as an investment or for personal purposes.
  • Eligible Equipment Types: Many types of equipment qualify, including machinery, vehicles, computers, office and manufacturing equipment, and more.
  • Leased Equipment: If the equipment is leased, it may still qualify if the lease period is longer than the equipment’s expected life and you have an option to purchase it at the lease’s end.

Since specific limits and rules apply to the Section 179 deduction—like caps on total deduction amounts and taxable income limitations—it’s wise to consult a tax professional to optimize benefits.

 

Filing with Form 4562

To claim a Section 179 deduction, businesses need to file Form 4562 along with their tax return. This form lists details of the equipment being deducted, including cost and deduction amount. If you’re carrying forward any previous Section 179 deductions, include them on this form as well if your taxable income allows it.

 

Advantages of Purchasing Equipment:

  • Immediate Financial Relief: Section 179 allows businesses to deduct the full cost of equipment in the year of purchase instead of spreading the deduction over several years, providing substantial tax savings upfront.
  • Improved Cash Flow: Deducting equipment costs upfront means businesses can retain more capital, making it easier to invest in essential resources without straining cash flow.
  • Enhanced Operational Efficiency: Investing in new, efficient equipment, like a trailer from NC Trailers, can significantly streamline your operations. These trailers are designed for easy, efficient loading and unloading, which can reduce both time and labor expenses.
  • Competitive Positioning: Staying ahead in today’s competitive business landscape requires reliable and effective equipment. NC Trailers offers a range of trailers that boost efficiency and underscore your business's commitment to professionalism, making your services more appealing to clients.

 

Investing in a Trailer from NC Trailers: A Smart Business Choice

Adding a trailer from NC Trailers is an investment that complements the benefits of Section 179.

  • Smart Design: We offer trailer from manufacturers that make loading and unloading hassle-free. This not only saves time but also reduces the likelihood of accidents.
  • Versatility for Various Applications: Our trailers are highly versatile and suitable for transporting everything from landscaping supplies to construction equipment. This adaptability means your trailer investment brings value across different business functions.
  • Built to Last: NC Trailers are engineered for durability, providing a long lifespan with low maintenance costs, making them a cost-effective choice for business owners.

 

Prepare Your Business for Success

Using the Section 179 tax deduction to invest in high-quality equipment like a trailer from NC Trailers can enhance business efficiency, lower taxable income, and boost overall profitability. As you assess your equipment needs, consider how Section 179 can help maximize your investment return and propel your business forward.

For more information on how Section 179 can benefit your operations with a trailer from NC Trailers, contact us today.

About the Author

Hi, I’m Johnny Shelton with NC Trailers, the #1 rated trailer dealer in the Carolinas. With over 300 trailers in stock, we’ve proudly served contractors, adventure seekers, and everyone in between since 1996. Having sold and serviced over 10,000 trailers, we’re grateful for the trust our customers have placed in us. We’re committed to using our experience to help you succeed in all your trailer and towing needs. Let’s thrive together!

REQUEST FINANCING

Trailer Prelim Financing Blog
First Last N.
12:41 13 Apr 25
Nctrailers Team are awesome !!! Sam the sales representative was very helpful on the phone and when I should up on site. Shanice with my contract. Tammy explaining each process during the DMV registration and paperwork. Ryan was very patient in the pouring rain preparing and getting me connected to the truck and doing the safety checks 5 times to make sure no issues. Thanks nctrailers of Thomasville for professionalism and attention to detail. I definitely be seeing you guys in a few months for a car trailer .
Desiree B.
18:02 12 Apr 25
Had the pleasure of buying our first trailer for our new business from them this weekend. And let me say I can’t say enough about this company. From the first call with Donna, till we drove off the lot hooked up, they were absolutely amazing! Their inventory is intensive yes, but the customer service is extraordinary! Our purchase experience start with a transfer to Zach who was welcoming and extremely knowledgeable! Shancie took care of the financing and made everything so easy and simple, and Tammy was fast with our paperwork! Noah and Ryan went above and beyond for the install and hookup of all the accessories we choose! These folks are the best around and hire the most wonderful crew! Highly recommend them for any trailer purchase or service needs!
Mitch O.
12:47 12 Apr 25
I would like to take a minute and recognize several people at NC trailers. From the start it was Zach & Sam in sales which went above and beyond the process of helping me pick the correct trailer and helping me complete all necessary paperwork when I was literally 1800 miles away driving down the road.

Shanice in financing made financing the trailer simple and quick, and behind the scenes Tammy in tag/title department was doing her magic so it all came together as one cohesive unit the day of picking the trailer up.

Speaking of picking up the trailer, Ryan & Noah truly went above and beyond expectations working in the pouring rain, while not compromising standards of making sure everything went smoothly and that I was hooked up correctly while taking the time to fully go over every aspect of the trailer and how to hook and unhook the trailer.

Tyler in Service & Parts was very helpful with information regarding the Gooseneck hitch for my next trailer.

Thank you to each Team member of NC trailers. I HIGHLY recommend this company to anyone needing a trailer.

So, if you need any type of trailer, accessory or even a repair, NC trailers should be your First and only stop. They truly make you feel like Family and the trailers are rated top in the Industry and priced very reasonably.

Head on over to NC trailers and get your trailer today. Tell them Mitch with a “M” not a “B” sent you, and you should receive an extra smile or two.
Anthony T.
21:34 10 Apr 25
Awesome place to do business!
Shaun O.
04:19 09 Apr 25
I have to say I had great experience with the staff at NCtrailers in Thomasville, NC. The staff up there were amazing. I had the pleasure of being David’s first sale for his new career dealing in this type of equipment. He has had many years in sales and it shows but he decided to venture into a new atmosphere of sales. Working through the contract side of things Shanice was very thorough and was able to give me all the details I needed. She was so inviting and made you feel comfortable through would could be a stressful process.

Tammy was a sweetheart with the tag and title paper work and talked me through all the necessary links and info I would need to setup the last little bit of info.

Ryan and Noah had me all hooked up and ready to go and even took the time to help me find a short in my connection on my truck so I would be comfortable knowing all the lights and everything worked properly on the new trailer.

All in all I had a great experience with the entire staff from parts to sales to service. I will most definitely be recommending them to anyone I know for their trailer needs.

Now wish me luck on my lawn care company venture.
Lawn Legends LLC.
Conard B.
14:22 07 Mar 25
The staff was very helpful and motivated I went back and forth with two trailers figuring prices and add ons they were very patient and provide me with two different layouts for two different prices. I finally made my decision. I would highly recommend for your next trailer go too NC trailer sales.
Keith B.
02:54 07 Feb 25
After searching many sites, I settled on calling NC Trailers of Thomasville, NC. Zach was very helpful over the phone answering my questions. After I decided on a trailer I drove 3 1/2 hours to arrive at their location only 30 minutes before they closed. They didn’t mind my late arrival or staying to complete the sale. I changed my mind on the trailer I wanted and Shaun was very quick to redo all the paperwork for the sale. Noah was also helpful in going over the trailer with me and answering questions I had. And thank you Tammy for saving me a trip to NCDMV, at NC Trailers they can do your DMV registration and you leave with tags already installed. The trailer pulled smoothly all the home.
Jenny D
00:33 11 Dec 24
Tyler at NC trailers was knowledgeable, helpful & communicated well. Tyler made getting the replacement part I needed hassle free. Thanks again!
Stephen J.
18:46 09 Dec 24
What a great place to purchase a trailer!! Such a huge inventory and very competitive pricing. My sales representative was Zach and he really went over the top to satisfy what I wanted. Shaun handled my contract and was super efficient as with Tammy, who handled my DMV paperwork. Many thumbs up to this great group!!
Thanks so very much!!
Frederick H.
10:06 07 Dec 24
Bought a Landscaping trailer from them 5 years ago. Great trailer! They service and have parts in stock! Went and seen Tyler for parts the other day and he's very knowledgeable and friendly. Would recommend these guys to anyone! Dec 2024 Update: This is my second review. Lol. I some new HD axles installed on a trailer back in the spring and they are holding up GREAT! Thanks Tyler again for your sales work and Wes for an amazing flawless install! Great knowledgeable crew here!
Stephanie N James R
03:44 07 Dec 24
This company was great! Zach showed us great options, and helped us pick the perfect trailer for our needs. Shawn explained all of the extra packages we could add to it, and finalized the contract. Tammy did a great job at making sure we had our title, tag,and registration taken care of. And, Ryan and Noah got us hooked up and ready to go. Because they have an on-site parts and service department they were able to install the needed brake controller the our truck wasn't equipped with. Wonderful place. Will definitely recommend!
william C.
20:34 27 Nov 24
This is my second Trailer I bought from NC Trailers. Everyone that helped me went above and beyond with their service.
Sales- Shancie
Finance- Shawn
DMV/paperwork- Tammy
Hookup-Ryan & Noah.
Their Service department helped me out a week later too.

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