Instead of waiting several years for equipment depreciation, you can deduct the cost of Hyster Yale lift truck purchases up to $1,040,000 in 2020. Plus, you can enjoy 100% Bonus Depreciation!*

 

Let us help you take advantage of these tax benefits. As your authorized Hyster and Yale dealer, we’re here to offer the resources you need to save money.

 

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Section 179 Deduction

Allows you to deduct the cost of qualifying equipment up to $1,040,000, rather than depreciating the cost over a period of several years. The maximum dollar amount of equipment you can purchase in any calendar year is $2,590,000 before the deduction is reduced dollar for dollar.

 

 
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Bonus Depreciation

A 100% Bonus Depreciation can be taken on new and used equipment purchases, in addition to the Section 179 deduction.

 

 
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Cost-Savings Example

 

2020 Lift Truck Investment                       $1,500,000

Section 179 Deduction                                    $1,040,000

100% Bonus Depreciation Deduction              $460,000

Total 2020 Deduction                                       $1,500,000

First-Year Tax Benefit                                      $315,000

(21% Tax Bracket)

__________

Net After Tax Cost of Equipment                    $1,185,000

 

Get started today. Contact us to learn more.

 

 
*DISCLAIMER: Section 179: Allows taxpayers to deduct the cost of qualifying equipment up to $1,040,000, rather than depreciating the cost over a period of several years. For any remaining amount above the $1,040,000 allowance, you are entitled to take a 100% Bonus Depreciation. The maximum dollar amount of equipment you can purchase in 2020 is $2,590,000 before the deduction is reduced dollar for dollar. This brochure is provided for general reference only, contains a partial overview of certain sections of the Internal Revenue Code of 1986, as amended (the “Code”), and is not intended to be a detailed discussion of the depreciation rules or any other provision(s) of the Code. Nothing herein constitutes any tax, accounting or legal advice, and it cannot be used or relied upon to avoid any penalties that may be imposed under U.S. Federal tax laws. You should consult your own independent tax, accounting and/or legal advisors for advice that is based upon your particular circumstances. Nothing herein constitutes a proposal or commitment for any particular transaction. Any such transaction would be subject to credit and other relevant approvals at HYG Financial Services, Inc. (HYGFS) and would be subject to the execution of documentation in form and substance satisfactory to HYGFS. ©2020 HYG Financial Services, Inc. All rights reserved.