My Denver Broncos missed by just a bit…and that miss ended their season so whether you’re an NFC or AFC fan, send snow ‘cuz we’re going skiing Super Bowl Sunday and we have no snow. Literally – Vail today is reporting 37” base today and that’s rocks and stumps vs. 55” as the 10 year average on February 1st.
But we do have a bonus – as in Sec. 70307 100% Bonus Depreciation[i] and while reading all 138 thousand words of OB3 might be up there with root canal, your CPA and other sources can guide you and it’s worth the effort. If you’re a 21% tax payer, that 100% bonus is effectively a 21% tax credit and remember, it’s legal to pay the least amount of tax possible.
Let’s do some math from LeaseLand:
- $1,000,000 Qualifying Equipment
- 60 Month Term
- 20% Residual
- $ 16,792.75 per month
- 0.2969% “Stream Rate”, e.g. Pre-Residual
- 6.6043% “All In Rate”, e.g. with Residual
That’s darned attractive leasing using 100% bonus making that next piece of equipment you need super affordable. And, if you’re paying cash, that bonus is yours for the taking.
We are happy to model a tax-lease for your next purchase – sharing our intel about the market and how these can impact your business. You can even ask me why I like Lego so much!
[1]https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm?utm_source=chatgpt.com