• The 2022 Section 179 deduction limit has increased to $1,080,000 (a $30,000 increase from 2021).

• The spending cap is now $2,700,000 (up from $2,600,00).

• The deduction maxes out after $3,780,000 (up from $3,670,000).

• Bonus Depreciation remains at 100% (same as 2021).

• To qualify, equipment must be financed and placed into service between January 1st and December 31st, 2022.

 

Calculate your potential Section 179 deduction now. You could save thousands.

Like your potential income tax savings? Apply today.

SECTION 179 TAX SAVINGS CALCULATOR

Equipment Cost
Potential Income Tax Savings
APPLY FOR FINANCING

Section 179 Deduction

Bonus Depreciation

1st Yr. Depreciation

Total 1st Yr. Tax Deduction

 

+

+

 

$

$

$

$

75,000

0

0

75,000


Total 1st Yr. Tax Deduction

Tax Bracket

Potential Tax Savings

 

 

 

$

x

$

75,000

35%

26,250


Equipment Cost

Potential Income Tax Savings

Equipment Cost After Tax Savings

 

-

 

$

$

$

75,000

26,250

48,750


Calculate your potential Section 179 tax savings on your mobile phone.

Available now for iOS and Android.

 

 

 

*Make sure to consult with your CPA or tax advisor prior to any equipment purchase to discuss the tax savings for your business.

WHAT IS SECTION 179 TAX DEDUCTION?

Section 179 is the U.S. government’s way of stimulating the economy by rewarding growing businesses for purchasing and using their equipment.

Reap your tax savings sooner than later! In the first year you finance your equipment, Section 179 allows you to write off 100% of the equipment cost rather than depreciating it over several years.

Equipment + Tax Savings = More Value to Your Business.

See how you can use your tax savings to invest in other areas of your business, like operating expenses, marketing, and hiring more people.

WATCH THE VIDEO

Section 179 isn't the only tax benefit of financing equipment! Bonus depreciation allows you to deduct 100% of the cost of eligible equipment purchases the year you acquire it. 

Get answers about tax deductions for equipment financing by talking with a financing expert. Call us today at 847.897.2499 or schedule a callback at a time that’s best for you. Get answers on:

  • Find out if the equipment you want is eligible for the Section 179 tax deduction.
  • Benefits of using Section 179 for your business.
  • How to acquire qualified equipment fast with financing.
SCHEDULE A CALL

APPLY NOW FOR FINANCING

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*Make sure to consult with your CPA or tax advisor prior to any equipment purchase to discuss the tax savings for your business.

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BENEFITS OF THE SECTION 179 TAX DEDUCTION

Computers & Software
Computers & Software
Office Furniture & Equipment
Office Furniture & Equipment
Business Vehicles
Business Vehicles
Equipment for Business Use
Equipment for Business Use

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