Section 168(k) bonus depreciation allows businesses to write off a large percentage of qualifying equipment in the year it’s purchased instead of spreading the deduction out over many years.
Similarly, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment, such as a trailer, in the year it’s placed into service, rather than spreading the deduction over several years through traditional depreciation.
By leveraging Sections 168 and 179, business owners can significantly reduce their tax burden while reinvesting those savings into operations, productivity, and long-term growth.
Most business-use trailers, including car trailers, cargo trailers, horse trailers, livestock trailers, utility trailers, and equipment trailers qualify for tax benefits.
Don’t wait! To qualify, your purchase must be completed and in service before the end of 2025.
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Be sure to consult your tax advisor to learn how you can benefit