At Energy Link, our goal is to alleviate the stress of selling used and surplus oil & gas equipment and to provide our consignees with the best offers available in the buyer’s market.
Tax Benefits When Buying Qualified Used Oilfield Equipment.
WHAT IS SECTION 179? The Section 179 tax benefit helps small to medium businesses save money on qualifying equipment purchases by allowing them to deduct the full equipment cost in the year of purchase. For 2024, companies can deduct up to $1,220,000 in qualifying purchases, with a maximum spend of $3,050,000. This tax incentive applies to new and used equipment purchased, leased, and put into service by December 31, 2024.
