2024 Deduction Limit = $1,220,000 This deduction applies to new and used equipment. To take the deduction for the tax year 2024, the equipment must be financed or purchased and put into service between January 1, 2024, and the end of the day on December 31, 2024.

What is Section 179? Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.

Limits of Section 179? Section 179 does come with limits – there are caps to the total amount written off ($1,220,000 for 2024) and limits to the total amount of the equipment purchased ($3,050,000 in 2024). The deduction begins to phase out on a dollar-for-dollar basis after this limit is reached by a given business (thus, the entire deduction goes away once $4,270,000 in purchases is reached), so this makes it a true small and medium-sized business deduction.

Who Qualifies for Section 179? Speak to your accountant for more information regarding if you qualify for Section 179 and give Norlift a call so we can help you write your equipment off your taxes.


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0% Financing on the 1CXT Compact Tracked Backhoe Loader

Receive 0% Financing for up to 60 Months!

  • Skid Steer and Excavator performance in a single machine.

  • Weighing under 10,000 lbs, making this compact unit easy to trailer and tow without a CDL.

  • Footprint, versatility, and maneuverability that many associate with a compact track loader.

  • No required DPF or DEF aftertreatment, for no-hassle engine servicing.

Request a Quote

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0% Financing for 60 Months on Select Models

Now is the time to buy JCB. Uncover 0% financing on all your favorite equipment including the Teleskid, Compact Telehandler, 1CXT Backhoe and more! Request a quote today before the offer ends!

ALL Skid Steer models
ALL Compact Track Loader models
Tracked Teleskid models: 2TS, 3TS
Compact Telehandler: 505-20 CE, 505-20 Electric
Large Excavators: 131X, 150X, 220X, 245XRL, JS160, JS220, JZ141, 370X
Wheel Loaders: 411, 417, 427, 437, 457 HT/ZX
Skid Steers, Track Loaders, Teleskids
View JCB 505-20TC
Full-Size Excavators
Wheel Loaders

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JCB Take 5 Mini Excavator Promo

You're automatically a winner with our latest amazing deals on mini excavators. And now YOU have the power to choose your own prize, but don't wait too long, this offer is limited!

Option 1:

Get a 5-year 3,000-hour warranty plus cash in your pocket up to $5,500 depending on the model.

— OR —

Option 2:

Get 5 years of interest-free payments for 0% financing for 60 months.

Either way, you'll get a winning machine that can do it all. Contact Norlift today and TAKE 5 before it's gone!

Terms and conditions: Finance offers are subject to credit approval through JCB Finance. Offers may not be combined and are subject to change or cancellation without notice.


View JCB Compact Excavators

Doosan Rebate Program

With substantial cash rebates available on our Doosan branded Class IV, cushion tire, and Class V, pneumatic tire, forklifts, there’s never been a better time to upgrade your equipment. Choose between a $6,000 cash rebate OR 0% financing for up to 36 months on the qualifying, in-stock equipment. Take advantage of this opportunity before the full transition of Bobcat by Doosan!

Terms and conditions apply.

Class IV: Internal Combustion – Cushion Tire Trucks

Class IV: Internal Combustion – Cushion Tire Trucks

Best for indoor applications on smooth surfaces, they’re reliable for manufacturing and bulk material handling.

Class V: Internal Combustion – Pneumatic Tire Trucks

Class V: Internal Combustion – Pneumatic Tire Trucks

Built for outdoor tasks, these trucks handle varied terrain, suitable for construction sites to lumber yards.

View Class 4 Doosan Trucks
View Class 5 Doosan Trucks

Bobcat Forklift Rebate Program

As Doosan continues transitioning their infamous orange forklifts into Bobcat's memorable white paint, Bobcat is offering cash rebates on Class I, electric, Class II, narrow aisle, Class IV, cushion tire, and Class V, pneumatic tire, forklifts. Take advantage of this special offer now through the end of 2024!

PRODUCT REBATE
Electric Forklift $1,000
Narrow Aisle Forklifts $1,000
IC: Cushion Tire $2,000
IC: Pneumatic Tire $2,000

  • Stackable with Competitive Trade-In Rebate (see information below).


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Bobcat Competitive Trade-In Rebate

Requirements:

  • Rebate is eligible with the trade-in of "Like" model Competitive Machines.

Offer Details:

  • Trade-In Rebate is available when purchasing Bobcat White Products only.

  • Rebate is stackable with current Cash and Non-Subsidized Financing Customer Rebates (ILOF).

  • Rebate is stackable with current Subsidized Financing Customer Rates.

  • Rebate is stackable with current Subsidized Leasing Customer Rates.

$3,000 Rebate is available on Electric, Narrow Aisle, IC Cushion, and IC Pneumatic Forklifts.

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