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2015 End of Year Tax Benefits


This year the IRS is offering a tax benefit of $500,000 on equipment purchased, leased, or financed by December 31, 2015. This means businesses can deduct the full purchase price of cameras, lenses, or accessories obtained from AbelCine from their 2015 taxes, up to $500,000. Consult with your tax advisor for how this can reduce your overall bottom line.

The new law also allows 50% first-year bonus depreciation after the initial $500,000 for qualifying new (not used) business assets that are placed in service calendar years 2015-2017.

 

Sample Section 179

Equipment Purchases                           $650,000
First Year Write Off ($500,000 Maximum)   $500,000                        
50% Bonus First Year Depreciation   $75,000
Normal First Year Depreciation   $15,000
Total First Year Deduction   $590,000
Cash Savings   $206,500

 

Equipment cost after Tax

(based on a 35% tax bracket)

  $443,500

 

For more information view the Section 179 Deduction.

 

We’re able to finance a broad range of equipment in the entertainment and communications industries. If you have equipment financing needs, including gear from other vendors that AbelCine does not carry, please contact our finance specialists to discuss different financing options available.

Also, be sure to check out our financing specials for great deals from top manufacturers including ARRI, Angenieux, Canon, Sony and Zeiss.

 

East Coast   West Coast
Andrea Sunara   Jen Konte
Finance Services Consultant  
  Finance Services Consultant  
asunara@abelcine.com   jkonte@abelcine.com
212-462-0152   818-303-8160
 
 

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