Section 179 Tax Incentive: What You Need to Know

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In 2008, Congress approved a popular tax deduction (IRS Section 179) for small to medium size businesses that make qualified equipment purchases. This means businesses that purchase and install MacroAir fans (a qualified equipment purchase) in 2017 may receive significant tax savings in year one of owning the fans.

What You Need to Know

Companies may deduct the first $500,000 (depreciate at 100%) from qualified equipment purchases they make in 2017. MacroAir fans are a qualified equipment purchase. Section 179 gives businesses a viable savings option they can use when purchasing HVLS fans they need for their space.

Section 179 Might be the Most Profitable Choice of 2017

IRS Section 179 allows businesses to take their tax deduction more quickly, stretching out the useful life of our already reliable fans. This gives businesses the opportunity to invest their hard-earned money into their own businesses, rather than sending it to Capitol Hill.  Because of Section 179, Uncle Sam can give the biggest discount on HVLS fans and wants businesses to invest in their own ventures.

Example of how purchasing in 2017 may reduce taxable income:

 With MacroAir FansWithout MacroAir Fans
Sales:$200,000$200,000
– Expenses:$150,000$150,000
– MacroAir Fans:$10,000$0
Taxable Income:$40,000$50,000

The Bottom Line

When it comes to offers, Uncle Sam can give the biggest discount on MacroAir fans. Businesses must make a fan purchase and install by December 31, 2017 to take advantage of Section 179 for the 2017 calendar year. For more information, download this PDF.

Note: MacroAir is not an authorized tax advisor. Please consult your tax advisor or visit www.irs.gov or contact the IRS helpline at 800.829.4933 to confirm if you qualify for this tax benefit.

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Patrick Munar

Patrick Munar

Marketing Content Specialist at MacroAir Fans
Patrick Munar develops communication efforts in support of MacroAir’s position as the inventors and continual innovators of the HVLS fan. He shares insights on a variety of HVLS fan applications through the MacroAir Blog.
Patrick Munar
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