Safe harboring equipment allows businesses to purchase and store equipment while taking advantage of valuable tax benefits. It helps secure current tax deductions, like Section 179 and bonus depreciation, while protecting against potential changes in tax laws or rate increases. By safe harboring, companies can keep equipment in good condition until it’s ready to use, all while maintaining proof of purchase for tax purposes.
This strategy helps businesses stay prepared and makes the most of available tax savings, providing a smart way to manage resources and plan for the future.