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Tax Advantages
TWO KEY TAX BENEFITS:
- SECTION 179 provides a deduction on the cost of new and used capital equipment purchases — an investment cap applies. Deduction limit is $2,500,000.
- Bonus depreciation can be combined with the Section 179 deduction for additional savings. Bonus depreciation enables you to take additional depreciation on new and used (new to you) capital equipment purchases.
Bonus depreciation returns to 100% for property acquired and placed in service after January 19, 2025.
PREVIOUS BONUS DEPRECIATION SCHEDULE →
| Placed-in-Service Date | Bonus Depreciation |
| Today to December 31, 2024 | 60% |
| January 1, 2025, to December 31, 2025 | 40% |
| January 1, 2026, to December 31, 2026 | 20% |
| January 1, 2027, and thereafter | 0% |
→ NEW BONUS DEPRECIATION
| Placed-in-Service Date | Bonus Depreciation |
| Prior to January 19, 2025 | 40% |
| After January 19, 2025 | 100% |
IMPORTANT
The information in this flyer is provided by John Deere Financial. However, it is not and should not be constructed as tax advice. We strongly recommend that you consult with your tax advisor regarding how these tax-advantages apply in your situation.