Storage & Handling Taxes

BREAKING NEWS – IRS SECTION 179

IRS SECTION 179
The deduction limits have changed for all
2016 qualifying equipment!
WHAT HAS CHANGED?
The deduction limit for Section 179 is now $500,000.
• This means that if you buy (or finance) a piece of equipment, you can deduct the Full Purchase Price (up to $500,000) from your gross income.
• The old limit was $25,000.

50% bonus depreciation was reinstated for the tax year 2015 and extended through 2019.
• For equipment purchases over the Section 179 deduction of $500,000,
you can deduct an additional 50% of the amount over $500,000 in addition to your standard depreciation deduction. This applies to equipment acquired and put into service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40% in 2018 and 30% in 2019.
• The old limit was $0.

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Pallet Rack - Storage

Storage & Handling, We are your professional pallet racking expert.

Storage & Handling – we buy and sell new and used pallet racking and material handling equipment. We are a full service dealer of new and used pallet racking, lift trucks, heavy and light duty shelving, modular offices, mezzanines, wire decks, w ire decking, metal grates, frames, crass members and a host of other related industrial and warehouse material handling equipment.
New and Used Pallet Racking throughout Florida.