HOW MUCH CAN YOU SAVE?

Equipment Cost

 

Section 179 Deduction

$0.00

Bonus Depreciation

$0.00

1st Year Depreciation

$0.00

TOTAL 1ST YEAR DEDUCTION

$0.00

TAX SAVINGS (35% Tax Bracket)

$0.00

Estimated Equipment Cost

$0

after tax savings

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Equipment Type

 
Section 179 Tax savings calculator

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.

  • You can deduct up to $500,000 (plus an adjustment for inflation).
  • The deduction phases out when a business purchases more than $2,500,000 in one year.
  • In addition to the Section 179 deduction, you may also qualify for Bonus Depreciation. In 2017, you’ll be able to deduct an extra 50% of the cost of equipment for the year it was purchased. In 2018, it decreases to 40%, and then 30% in 2019.

With a $500,000 deduction limit, you’ll be able to deduct the full cost of equipment and get thousands back! Use the Section 179 Tax Saving Calculator to find out how much money could be put back into your pocket.

To take advantage of Section 179 in 2017, the equipment must be purchased and put into service by midnight 12/31/2017. Use Form 4562 to claim your deduction.

*Disclaimer

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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