New Tractor Tax Write-Off Guide: Maximize Savings Now
Section 179 Deduction: An Immediate Tax Break Buying new farm equipment is a major investment, but smart tax planning can significantly reduce your tax burden. One powerful tool is Section 179, which allows you to deduct the full purchase price of qualifying equipment in the same year you buy it—a substantial boost to your cash flow. Instead of spreading the cost out over several years through depreciation, you can immediately lower your taxable income....