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HOW MUCH CAN YOU DEDUCT?
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TAX BREAKS FOR FINANCING NEW OR USED TRUCKS & EQUIPMENT
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What is the 2026 Section 179 Limit? Section 179 is a federal tax deduction that lets a business write off the full purchase price of qualifying equipment, including equipment that's leased or financed, in the year it's placed in service. For 2026, the Section 179 limit is $2,560,000, letting businesses that finance their equipment with Beacon Funding write off that amount instead of depreciating it over several years.
How Much Could You Save by Leasing or Financing Equipment?
Chances are you could lower your total equipment cost by thousands of dollars! By using Beacon Funding's Section 179 tax savings calculator, you can:
- Estimate your potential 2026 income tax deduction
- Estimate your equipment cost after tax savings
How Can I Leverage The Section 179 Deduction?
- Finance or lease eligible equipment: Both new and used trucks and equipment acquisitions qualify.
- Put it into operation: To qualify, equipment must be in service before December 31, 2026.
- Talk to Your Expert: Talk to your CPA about writing off 100% of the equipment purchase price (up to $2,560,000).
What is Bonus Depreciation? If a business exceeds the 2026 Section 179 deduction limit, 100% Bonus Depreciation applies to the remaining amount (up to $4,090,000).