A leading trucking industry publication, Fleet Equipment Magazine, recently featured our Director of Transportation Finance, David Trost, in a piece about the Tax Cuts and Job Act and its effect on truck and fleet businesses. In the article, David explains the impact of the tax reform and the benefits of Section 179 on those looking to lease, finance or buy equipment.
Below is an excerpt from the article:
“The passing of the Tax Cuts and Jobs Act in December meant that the trucking industry would see the largest benefits when filing 2017 and 2018 tax returns,” according to David Trost, director of transportation finance at LeaseQ. “For those buying equipment, tax reform expands the value of Section 179, which allows businesses to write off equipment expenses. The new Section 179 doubles the write-off for equipment from $500,000 to $1,000,000 for 2018 and beyond. Even companies leasing or financing equipment can still take full advantage of the Section 179 deduction. That’s a real advantage for small businesses.”
To learn more and read the full article from Fleet Magazine, please visit: https://bit.ly/2IeUt3M.