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Understanding The Section 179 Deduction

2017 section 179 tax deduction write off

Section 179 at a Glance for 2017

Essentially, 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.

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Trucking rap sheet: Drivers must retest after Florida CDL testing scheme

By Matt Cole | CRIME  | November 29, 2017

Action in three trucking-related crimes has recently been reported by the Department of Transportation’s Office of Inspector General and the Florida Department of Highway Safety and Motor Vehicles, including a scam to obtain and sell USDOT numbers, illegal hazmat transport and a CDL scheme.

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Tesla unveils all-electric, semi-autonomous big rig with re-imagined truck design

Tesla truck
Tesla is accepting reservations for the Tesla Semi, requiring a $5,000 deposit. Production is slated to begin in 2019.

By Jason Cannon | EQUIPMENT  | November 17, 2017

After 15 months of much-hyped speculation and teases, electric vehicle pioneer Tesla on Thursday night debuted its Tesla Semi, a Class 8 truck that the company says offers a 500-mile range on a single charge and can tow up to 80,000 pounds. Read more

Carrier registration for 2018 fiscal year delayed indefinitely pending FMCSA notice

overdriveonline

The carrier registration process for the 2018 fiscal year has been indefinitely delayed, according to a notice posted to the Unified Carrier Registration board’s website Friday.

By Jaimes Jaillet | DOT  | October 30, 2017

The governing UCR Board of Directors has recommended that all states delay the enforcement period of 2018 registration compliance until 90 days after the Federal Motor Carrier Safety Administration publishes a final rule setting the 2018 registration period and an updated registration fee structure. Read more

Check Out This Beast of a Pumper Truck

pumper.com

We get behind the wheel of one of Pumper magazine’s Classy Trucks by having a Classy Conversation with Timothy Wheeler of Tim Wheeler’s Septic & Excavating in Minford, Ohio

By Sarah Umhoefer | Online Exclusives  | September 26, 2017

At 36 feet long, 11 1/2 feet tall and 30,000 pounds with an empty 5,000-gallon steel tank, Tim Wheeler’s Septic & Excavating of Minford, Ohio features one formidable septic truck. Read more

End of the road.

Will automation put an end to the American trucker?

The Guardian  | October 10, 2017 07.00 EDT


The Budweiser cans driven by self-driving truck.

Google, Uber, Tesla and the major truck manufacturers are looking to a future in which regular truckers will be replaced – or at the very least downgraded to co-pilots – by automated vehicles that will save billions but will cost millions of jobs. Read more

Teamsters organize truckers to move supplies in Puerto Rico

Puerto Rico Supplies

Major U.S. labor unions are organizing truck drivers to help with relief efforts in Puerto Rico as the island continues to grapple with the devastation wrought by Hurricane Maria last week.

by Jackie Wattles | CNN Money  | September 30, 2017: 3:51 PM ET

The Teamsters union and the AFL-CIO, a federation of more than 50 unions, are working together to recruit truckers to travel to Puerto Rico and help distribute a stockpile of relief supplies. Read more

Pumpers Band Together for Hurricane Irma Relief in Florida

florida_pumping_4_watts_trucks
Here, Hughes’ two trucks are teaming up on a lift station in Florida’s panhandle region. (Photo By James Hughes)

With power outages across the state, pumpers are running 24 hours a day to keep lift stations from overflowing

By Anthony Drew | Online Exclusives  | September 20, 2017

Throughout the power outages associated with Hurricane Irma, septic pumpers have come together to bail out cities all over Florida. Read more

FYI: If you want to help with Hurricane Harvey relief

Hurrican Harvey
An estimated 17 feet of water in Houston. (Photo by Brandi Smith of KHOU)

BY TRUCKERS NEWS STAFF | AUGUST 29, 2017

Truckers are goodhearted folks and respond willingly in times of crisis. So if you are planning on providing relief efforts or supplies to those impacted by Hurricane Harvey, you may wish to check out some of the following information. Read more