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The 2020 CARES Act for Surface Preparation Equipment

Obtain the equipment you need with substantial tax saving opportunities.

What is the CARES Act? 

The 2020 Coronavirus Aid, Relief, and Economic Security or "CARES Act" put into place on March 27, 2020, reaffirmed and strengthened the advantages of Section 179 and bonus depreciation when purchasing eligible business assets. Qualifying businesses can benefit from an accelerated tax deduction for the full cost of machinery purchased and put into service by December 31, 2020. 

Shop our 2020 year-end sale today

DB500 Mobile and DB800-1

Section 179 Benefits

Deduction limits

Allows a tax deduction for 100% of equipment costs, up to $1 million.

 

Applications

Available for machinery, computers and other business assets.

 

Additional savings

Combine with Bonus Depreciation for additional savings, scheduled to phase out over the next 7 years. 2020 is 100%.

No taxable profit?

If the business has no taxable profit, CARES Act allows for carry back to prior years instead of carrying the loss forward.

How much can I save?

  • Business owner purchases equipment with a cost of $65,000
  • Under standard depreciation rules, business owners can claim a little at a time over 7 years ($2229.00)
  • Under Section 179, businesses can write off the entire purchase price of $65,000 in the first year 
  • With Section 179, at a tax rate of 24% the business owner can save $15,600 in taxes, effectively lowering the cost of the equipment to $49,400
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*Disclaimer: Business tax deductions are complicated. The information included here is intended for general information only and is not intended to be tax or legal advice. Please consult your tax professional before making business decisions that could affect your tax situation. Each business situation is different and tax regulations change frequently.

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