Note: The deduction limit is $1,000,000 and the yearly limit on purchased equipment eligible for the tax credit is $2,500,000. Once this limit is exceeded, the 179 deduction is reduced dollar-for-dollar, i.e. at $3,500,000 of equipment purchased, the 179 deduction is no longer available. In addition, Bonus Depreciation is set at 100% and will run through 2022. Furthermore, Bonus Depreciation is now available on both new and used equipment.
This calculator is not meant to be tax advice. The indicated tax treatment applies only to a capital lease scenario. Please consult with a tax advisor to determine the tax ramifications of acquiring equipment or software for your business. This is only an estimate.