Section 179 Tax Deduction – Waste Oil Heaters Qualify
If you run an auto shop, construction outfit, or farm, Section 179 is a tax break you don’t want to miss.
What Section 179 Does
It lets you write off the full cost of qualifying business equipment—like a waste oil heater—in the year you buy it, instead of dragging out depreciation over years.
To qualify, your heater must:
- Be used for business more than 50% of the time
- Be installed and operational during the tax year you claim it
- Be new to your business (used equipment counts if it’s new to you)
That means if you buy a Lanair waste oil heater for your shop and put it to work this winter, you can expense it this tax season.
How Much You Can Deduct
For 2024, you can deduct up to $1,220,000.
That phases out when total qualifying purchases hit $3,050,000.
In 2025, those limits increase to $1,250,000 and $3,130,000.
You can’t deduct more than your business income, but unused amounts can carry forward.
How to Claim It
- Talk to your accountant.
- Buy and install the heater before year-end.
- Keep invoices and proof of when it was placed in service.
- Elect the deduction on IRS Form 4562.
Simple. The government literally wants you to upgrade your gear.
State Rules
Most states follow federal Section 179 limits, but not all. Here’s a quick look at some in our region:
| State | 179 Conformity | Phase-Out | Bonus Depreciation | Notes |
|---|---|---|---|---|
| Wisconsin | Follows federal | Same as federal | ❌ Not allowed | WI DOR – Pub 123 |
| Illinois | Follows federal | Matches federal | ❌ Add-back | IL-4562 |
| Minnesota | Full federal conformity | Matches federal | ❌ Not allowed | MN DOR |
| South Dakota | No income tax | N/A | N/A | Federal 179 applies fully |
| Wyoming | No income tax | N/A | N/A | Federal 179 applies fully |
Check your state’s Department of Revenue or a CPA before filing.
Why It Matters
Section 179 can mean thousands back in your pocket. A waste oil heater not only saves on fuel—it can pay you back at tax time. That’s real ROI.
Bottom line:
If your heater is installed and running before December 31, you could deduct the full cost this year.
It’s one more reason to stop burning cash on propane and start heating smarter.
Talk to your accountant. Then talk to us.
Factory-direct heaters. Real ROI.
https://www.lanair.com
Federal / IRS Links
- https://www.irs.gov/publications/p946
- https://www.irs.gov/forms-pubs/about-form-4562
- https://www.irs.gov/instructions/i4562
State Links