posted
on Wednesday, November 15, 2023
in
Sales & Specials
Need a write-off? John Deere has you covered!
Now through December 31st, 2023, John Deere is offering special pricing and finance plans to help you end your tax year strong! Get 0% for 36 months, plus NO interest and NO payments for 90 days*.
*Offer subject to approved credit. Cash discounts also apply. Now through November 30, 2023
See All Eligible Equipment
Tax Advantages on the Purchases of NEW and USED Equipment.
Two Key Tax Benefits:
1. SECTION 179
Provides a deduction on the cost of new and used capital equipment purchases — an investment cap applies.
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2. BONUS DEPRECIATION
Can be combined with the Section 179 deduction for additional savings. Bonus depreciation enables you to take additional depreciation on new and used (new to you) capital equipment purchases.
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Bonus depreciation is currently scheduled to phase out (see table below).
| PLACED-IN-SERVICE DATE |
BONUS DEPRECIATION |
| January 1, 2023, to December 31, 2023 |
80% |
| January 1, 2024, to December 31, 2024 |
60% |
| January 1, 2025, to December 31, 2025 |
40% |
| January 1, 2026, to December 31, 2026 |
20% |
| January 1, 2027 and thereafter |
0% |
The intended purpose of these tax benefits is to stimulate the economy. The money you save in the short term can be reinvested in capital improvements, expansion projects, and more, so don’t wait — buy that new or used equipment today.
IMPORTANT
The information in this flyer is provided as a customer service by Stotz Equipment and John Deere Financial. However, it is not and should not be construed as tax advice. We strongly recommend that you consult with your tax advisor regarding how these tax-saving opportunities apply in your situation.
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