Sonsray, the largest CASE Construction Equipment distributor in the Western United States is alerting businesses about Internal Revenue Code (IRC) 179 and urges them to utilize Sonsray’s Section 179 calculator to plan out future savings.
Business owners can take advantage of the deduction calculator which allows them to deduct up to $1,080,000 on qualifying equipment if they purchase or finance this new machinery and put it into service before December 31, 2022. The deduction is good until the company reaches a total equipment purchase limit of $2.7 million.
The federal government’s intention with Section 179 is to encourage growth in the economy by authorizing business owners to depreciate their entire investment at once, which can typically result in major tax savings.
The main reasons companies invest in new equipment is to increase profitability and to gain a competitive advantage. Section 179 provides a great opportunity to accomplish both of those goals while leveraging deductions provided by the IRS.
Sonsray was founded in 2012 and is the largest CASE Construction Equipment distributor in the Western United States with 15 locations throughout Washington, Oregon, California, Nevada and Arizona.
Sonsray carries the complete line of CASE Construction Equipment in addition to Tiger Mowers, Okada demolition hammers, BOMAG and a wide variety of ground engaging tools and attachments.
Sonsray services 5 industries: Agriculture, Construction, Transportation, Rental Transportation and Rental Construction with many stores located throughout the United States.