HOW MUCH CAN YOU SAVE?
Equipment Cost
Section 179 Deduction
Bonus Depreciation
1st Year Depreciation
TOTAL 1ST YEAR DEDUCTION
TAX SAVINGS (35% Tax Bracket)
Estimated Equipment Cost
after tax savings
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Email Address
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:
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.
*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.
SUCCESS SPOTLIGHT
Griffin Graphics funded 8 machines and increased productivity. See how.
3400 Dundee Rd, Suite 180
Northbrook, IL 60062
Sales: 847.897.2499 Gen: 800.866.6396
Why Beacon Funding?
Founded in 1990, Beacon Funding is a leading financing company providing small-ticket equipment financing services to US businesses. Over the years, we've become a premier resource for financing business equipment with flexible payment programs.
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