Equipment Cost


Section 179 Deduction


Bonus Depreciation


1st Year Depreciation




TAX SAVINGS (35% Tax Bracket)


Estimated Equipment Cost


after tax savings

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Section 179 Tax Savings Calculator

Put money back into your pocket

The Section 179 Tax Deduction allows a business to deduct all or part of the purchase price of certain qualifying equipment that is leased or financed.

How It Works:

  • When you acquire equipment for your business, you can deduct up to $1,050,000.
  • The deduction phases out when a business purchases more than $2,620,000 in one year.
  • Once you hit the Section 179 deduction limit, you may also qualify for Bonus Depreciation. For 2021, Bonus Depreciation is 100%.
  • The Section 179 Deduction and Bonus Depreciation apply for both new and used equipment.

With a $1,050,000 deduction limit, you’ll be able to deduct the full cost of equipment and get thousands back! Use the Section 179 Tax Savings Calculator to find out how much money could be put back into your pocket.

To take advantage of Section 179 on your 2021 tax return, the equipment must be purchased and put into service by midnight 12/31/21. Use Form 4562 to claim your deduction.


This example presents a potential tax scenario based on typical assumptions that may not apply to your business. The indicated tax treatment applies only to transactions deemed to reflect a purchase of equipment of a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment or software for your business.


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