Section 179 Tire Equipment Deduction — Tax Benefits for Shop Equipment
The Section 179 tire equipment deduction allows businesses to deduct the full purchase price of qualifying equipment in the year it is purchased, rather than depreciating it over multiple years. For shops investing in tire changers, wheel balancers, alignment systems, and related equipment, this can significantly reduce the effective cost of the purchase.
How Section 179 Applies to Tire Equipment
Tire changers, wheel balancers, alignment machines, and ADAS calibration equipment all qualify as tangible personal property used in business. Under current Section 179 provisions, businesses can deduct equipment purchases up to the annual limit. The deduction reduces your taxable income in the year of purchase, which can make the difference between buying this year or waiting.
Consult your tax advisor for the current year’s Section 179 limits and to verify how the deduction applies to your specific tax situation. Auto Lift Serv can provide the purchase documentation your accountant needs.
Combining Section 179 with Equipment Financing
Many shops finance equipment purchases and still take the full Section 179 deduction in the year of purchase. This means you can spread the payments over time while capturing the full tax benefit immediately. The monthly revenue the equipment generates can exceed the financing payment, making the equipment effectively cash-flow positive from day one.
Contact Auto Lift Serv at 800-674-9302 to discuss equipment pricing and the Section 179 tire equipment deduction opportunity.
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