How Tax Deductions Can Help You Get The Baler Or Compactor You Need!
Benjamin Franklin famously wrote, “In this world, nothing can be said to be certain, except death and taxes.” Well, tax time is upon us and you can be certain that there are tax deductions that all small business owners need to know about. And, while you may not have used these incentives for calendar year 2024, these same deductions can save you thousands of dollars, while allowing you to get the waste handling or recycling equipment you need in 2025!
Harmony wants to make sure you know that you can leverage the Section 179 Tax Deductions for 2025 to help you get the baler or compactor you need even before the end of the calendar year! Start planning for next year’s tax benefits today!!!
Here are some FAQ’s to help you understand how you can use the tax code to get your equipment this month!
What is Section 179? Section 179 of the Internal Revenue Service tax code allows you to deduct the FULL purchase price of equipment during the tax year. That means that you can deduct the full purchase price of one or multiple pieces of equipment from your gross income.
For 2025, businesses can deduct up to $1,250,000 in qualifying purchases. This represents the total amount you can write off immediately, provided your equipment meets these key criteria: Placed in service during the 2025 tax year. Used for business purposes more than 50% of the time.
The Section 179 deduction begins to phase out when your equipment purchases exceed $3,130,000:
- Dollar-for-dollar reduction above $3,130,000
- Complete phase-out at $4,380,000
- Additional purchases may still qualify for bonus depreciation
Who qualifies for the deduction? Any U.S. business that purchases business equipment in tax year 2025.
Is there a limit to the amount of deduction? Yes, you can deduct up to $1,250,000 equipment costs for qualifying equipment put into use before the end of the tax year.
What if I lease a baler or compactor? Whether you purchase or lease equipment, Section 179 allows you to deduct the FULL PURCHASE PRICE for tax year 2025 up front, rather than just deducting payments or annual depreciation.
Do I get the deduction if I finance equipment through my own bank? Yes, whether you purchase, lease, or finance, you can claim the entire purchase price of the equipment. Financing is a very attractive option for many businesses as interest rates are currently at historic lows.
Does it have to be new equipment? No! The deduction applies to the full purchase price of both new AND used equipment.
What’s the catch? There really isn’t any. It’s the governments way of helping small to medium-sized businesses invest in themselves through capital outlay purchased.
Which Assets Qualify for Section 179 in 2025?
Common Eligible Assets
- Manufacturing equipment and machinery
- Business vehicles
- Computers and office technology
- Off-the-shelf software
- Office furniture and equipment
- Certain building improvements
What Are the Requirements for Qualifying Property?
- Must be primarily for business use (>50%)
- New or used equipment qualifies
- Must be placed in service by December 31, 2025
- Cannot be inherited or gifted property
Check out this example calculation provided by Section 179.org.
How To Put Section 179 To Work For You!
Harmony’s M60CB Cardboard Baler installed in Battle Creek, MI.
You may be wondering, how can I take advantage of these tax benefits this close to the end of the year?
Not only do we want to make you aware of the tax breaks, we want to help you get the solution you need…fast!
Here’s how Harmony can help with baler & compactor tax deductions:
- Harmony offers the widest range of several models of balers, compactors, and full product destruction equipment. That means if you order today, you can have your equipment on site to qualify for your Section 179 tax incentives between Q2 and Q3 this year! Planning ahead only makes sense given predictions that the tariffs and new trade agreements are likely to alter the cost and availability of steel and other components in the coming months.
- We also have several used models of balers and compactors, including our M42HD Shrink Wrap Baler and our C200 Stationary Compactor. These are also in stock and ready for delivery to your location.
We have used balers & compactors ready to ship today!
- All of our new and used models can be purchased or leased, allowing you to take advantage of Section 179 in the way that makes the most sense for your business. Our lease program involves a fast application time – only 2-4 business hours when less than $100,000 and does not affect your credit score to apply. Our lease program has no payments for 90 days, is available in all 50 states, and does not require a down payment. And, unlike most rental programs, when the contract is over, you own your equipment.
- Our new balers and compactors come with an industry leading warranty, and our used equipment carries quality limited warranties. Both give you peace of mind that the equipment you use will last.
Contact Or Call Us Today – Don’t Delay!
Harmony’s 3 yard stationary compactor helping a Mesquite, TX big box store save on waste and hauling expenses.
While taxes are fresh on your mind, don’t delay any longer, and certainly don’t miss out on any possible major deductions for 2025! Contact Us or call us at (507) 886-6666 today! Even if you are not sure you need a baler or a compactor for this calendar year, let our friendly sales staff help you determine what equipment would be right for you. We are not here to push you into a sale of equipment you don’t need. We use our proven process to provide you with the right solution that will help you save time, labor, and money in your waste handling and recycling. Experience Harmony today!
Harmony Enterprises does not offer individual tax advice. We encourage you to talk to your accountant or tax attorney for more information on how the Section 179 code specifically applies your company and the equipment you purchase.
