It is time to make your move for big savings

Time for savings

Previously, we told you about the Section 179 tax deduction and now we’re giving you a cool, new tool for seeing just how much you can save with the Section 179 deduction. Below you'll find a Section 179 tax deduction calculator you can use to help with your end-of-your budgeting.

The thing is, you have to hurry. This tax deduction only applies to equipment purchased in this year, so you have to purchase before December 31st. That makes now a great time to make your move and finally get the equipment you need.

Equipment cost:

Asset life in years:

Your tax bracket:

Deduction under Section 179:

Bonus depreciation 50%:

First year MACRS depreciation:

Total first year tax deduction:

First year tax savings:

After tax cost of equipment:

This example is for discussion purposes only and does not constitute tax or legal advice. You should consult your accountant or tax advisor regarding the application to you and your business of the tax provisions discussed in the example, which are based on the rules in effect as of January 1, 2017, and which are subject to change (possibly with retroactive effect).