Tax Incentives

Reduce your taxable income by up to $250,000 when you use leasing to finance your equipment purchase!*

With an economic stimulus package of $168 billion recently passed by Congress, small businesses, restaurants, bars and other merchants are banking on higher business from consumers spending their tax rebate. By choosing Hobart Finance to provide the financing for your new equipment purchase you may be eligible to take advantage of Internal Revenue Code Section 179 for the current tax year. Section 179 allows you to deduct up to $250,000 of your qualifying equipment purchases from your 2013 taxable income.

Purchase now and see your potential tax savings cover the first year’s payments!*

First year’s tax savings could exceed your first year’s lease payments. By utilizing Hobart Finance lease financing options you can qualify for the Internal Revenue Code Section 179 tax deduction for 2013. In addition, you may be eligible for additional state and local tax incentive deductions.

EXAMPLE* Purchase $50,000 of Equipment

Your taxable income for 2013 $100,000
2013 tax liability without the benefit of Section 179$30,000
2013 tax liability after utilizing Section 179 tax benefits$15,000
Tax savings after Section 179 deduction$15,000
Sum of estimated lease payments (60 month term)$14,340
Tax savings in excess of annual lease payments for 2013$660
*Always consult your financial advisor for specific tax benefits applicable to your specific circumstances.