What are my tax savings with Section 179 deduction?

Estimate how much of an equipment purchase you can write off in the first year using Section 179 and bonus depreciation, plus the resulting tax savings.

Input

Equipment cost (new and used, certain software) ?

Total cost of new or used equipment (or qualifying software) placed in service this year.

Enter your values and select Calculate.

Section 179 of the IRS tax code gives businesses the opportunity to deduct the FULL purchase price of qualifying new and used equipment, and software placed into service during the tax year they were purchased or financed. This tax break encourages small businesses to invest in themselves and to purchase equipment sooner rather than later.

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