This summer, new federal legislation brought big news for businesses making or planning capital investments. Under the updated tax incentive, 100% of capital expenditure costs (including some financing costs) are now tax deductible. Even better, the benefit is retroactive to January 20, 2025.
What does that mean for you?
If you’ve been considering an upgrade or expansion to your cremation equipment, this new tax rule can make your investment more affordable. By deducting the full cost in the year of purchase, your business can lower its taxable income and see financial savings right away.
Investing in an FT machine means:
- Greater efficiency: reduce operating costs with advanced, reliable technology.
- Regulatory compliance: stay ahead of changing air quality and emissions requirements.
- Future growth: meet increasing demand for cremation with confidence.
Next Steps:
- Talk to your accountant about how the incentive applies to your business.
- Evaluate your needs, is replacing older equipment or adding new equipment right for your business?
- Connect with us to explore equipment options that fit your goals.
- Explore our innovative new way to pay over time—Partner Pay.
This new incentive offers a timely opportunity to invest in your business and strengthen your operations for the future. Connect with an FT team member today.