Final Chance to Take Advantage of 2013 Section 179 Tax Deduction at Hengehold Trucks
December 31, 2013 (PRLEAP.COM) Business NewsPalo Alto, CA, December 31, 2013 - Hengehold Trucks, a provider of pre-owned commercial vehicles in Palo Alto, CA, is reminding customers that the Section 179 tax deduction scheduled for 2014 will reduce dramatically from a $500,000 cap limit to a $25,000 cap limit effective tomorrow! (Jan. 1st, 2014)
As an incentive to encourage businesses to buy equipment, the US Government created the Section 179 deduction tax code. Section 179 deduction allows businesses to deduct the full purchase price of qualifying equipment from their gross income during the tax year. Qualifying equipment can include business vehicles, work computers and software, office furniture, office equipment, machines for business use and others.
Fortunately, almost all of Hengehold Trucks' business vehicles qualify for the Section 179 deduction including their car cargo vans, passenger vans, box vans, pickup trucks, flatbeds & stakes, and dump trucks. With a few days left before the end of the 2013, vehicles purchased by the end of day (December 31st) can still qualify for the Section 179 $500,000 deduction limit.
Section 179 guidelines can change yearly without notice. Therefore, Hengehold Trucks urges customers to take advantage of the larger deduction cap available for 2013 while it's available. This tax code offers small businesses a great opportunity to maximize their purchasing power.
One satisfied H-Trucks customer from San Leandro recently reported on Yelp, "I bought three work vehicles from these guys. Better pricing than expected and customer service is excellent. We got really busy and needed two trucks immediately and they jumped through all the hoops to make it work. Will be back soon for more." (Source: http://www.yelp.com/biz/hengehold-trucks-palo-alto).
Additionally, Hengehold Trucks has just increased their inventory with more pre-owned commercial vehicles including a variety of vehicles from top brands such as Ford, Chevrolet, GMC and Isuzu.
To see Hengehold Trucks' new inventory, visit www.htrucks.com. To learn more about Section 179, visit www.htrucks.com/section179.php.
About Hengehold Trucks
Hengehold Trucks has the largest selection of pre-owned commercial vehicles in Northern California. Family-owned and operated, H-Trucks has been selling and renting quality vehicles since 1948. Each vehicle is carefully selected, thoroughly inspected, and sold with confidence.