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Message
re: Small Business vehicle Sec 179
Posted on 7/13/14 at 11:44 am to makersmark1
Posted on 7/13/14 at 11:44 am to makersmark1
It is not that big of a deal. All that 179 does is essentially create an interest free loan of taxes due. Holding all things equal you will pay fewer taxes in year 1 taking 179 but more in the years following.
I would not pay more for a lease to get the interest free loan of my taxes.
Whichever is less costly from a cost of ownership point of view would be my decision maker.
I would not pay more for a lease to get the interest free loan of my taxes.
Whichever is less costly from a cost of ownership point of view would be my decision maker.
This post was edited on 7/14/14 at 7:56 pm
1
Posted on 7/13/14 at 10:07 pm to I B Freeman
Just make sure it gets passed and signed into law first. We are holding off purchasing equipment until the deal is finalized.
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