TAX INCENTIVES

2024 TAX INCENTIVES

2024 TAX INCENTIVES

Section 179 Deduction

Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.

That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE (up to $1,220,000) from your gross income. It’s an incentive created to encourage businesses to buy equipment and invest in their business.


Bonus Depreciation

Bonus Depreciation allows taxpayers to deduct a % of an asset’s cost up front.
Bonus Depreciation is phasing down through 2026:

  • 2024: 60%
  • 2025: 40%
  • 2026: 20%
More Info!
Calculate What You Could Save with Section 179 & Bonus Depreciation Incentives!

Calculate What You Could Save with Section 179 & Bonus Depreciation Incentives!

Don’t let this tax incentive slip by. Machinery must be purchased and delivered by December 31, 2024 so don’t delay. Consider machine delivery lead times to ensure you don’t miss out on these tax incentives.

To better understand the significant impact that Section 179 can have on your new equipment purchase, try the Section 179 calculator:
SECTION 179 CALCULATOR

FINANCING

Fast. Flexible. Financing.

Fast. Flexible. Financing.

We would like you to have a convenient way to acquire our products. This is why we teamed up with a specialized commercial lender, Ascentium Capital.

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About Ascentium Capital
Ascentium Capital, a division of Regions Bank, is an award-winning commercial lender. They offer fast and flexible business financing through a consultative approach. Your finance specialist will help develop a payment option to meet your business needs.

Apply Now

Acquire the complete solution with flexible payments:


- Financing and leasing up to $2.0 million1

- Application-only up to $400,000

- $0 down and low introductory payment options

- Fast credit decisions & broad terms

- Potential tax savings2

Plus:

Our 100% financing program enables you to bundle expenses such as shipping, tax and more. This means you may avoid out of pocket expenses.

Get Started:

Fill out the quick credit application to request financing today!

Request a No Obligation Quote Today!

Request a No Obligation Quote Today!

Brandon Tunnell
Finance Manager

(713)634-4802 | BrandonTunnell@AscentiumCapital.com

Apply Now


About Ascentium Capital

Ascentium Capital, a division of Regions Bank, is an award-winning commercial lender. They offer fast and flexible business financing through a consultative approach. Your finance specialist will help develop a payment option to meet your business needs.


What Clients Are Saying

"Made expanding my business not only affordable but worthwhile. I am sold on Ascentium. The business model is phenomenal. I plan on using them again in the real near future." - S. Orlando

Ascentium Capital 23970 Highway 59 North - Kingwood, Texas 77339-1535

©2023 Regions Bank. Ascentium, Ascentium Capital and the Ascentium Capital Logo are registered trademarks of Regions Bank.

1 Financing terms are subject to change and dependent on credit parameters, including collateral and documentation requirements and credit approval. Loans provided by Regions Bank, member FDIC, doing business as Ascentium Capital. Neither Ascentium Capital nor GLOBAL EQUIPMENT GROUP, LLC is the agent of the other. Ascentium is not the manufacturer, seller or distributor of the property being financed, and makes no representation or warranty (expressed or implied) concerning such property. 2 Tax savings are an example only - not all businesses or equipment are eligible. Consult with your tax advisor regarding the specific impact on your business and qualifying assets or visit IRS.gov. This financing offer is only valid to United States domiciled organizations. Applicants and equipment must be located in the United States.