Considering purchasing or leasing new or used equipment before the end of 2024? You can use the Section 179 Deduction Calculator to help evaluate your potential tax savings. Section 179 can save your business money because it allows you to take up to a $1,220,000* deduction when purchasing or leasing new machinery.
This easy-to-use calculator can help you estimate the tax savings of a new or used equipment purchase. Just enter the purchase price of your equipment, choose the income tax rate that matches your corporate structure, and let the calculator do the rest.
The calculator will show:
Interested in learning more about Section 179 and Bonus Depreciation? Check out our resources to see how to take advantage of the cost savings:
*Limitations and restrictions may apply. This information is not intended to provide tax or legal advice. Consult your local tax advisor or tax attorney.
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