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IRS 179 Calculator 2017



2017 IRS Section 179 Tax Deduction

Cost of Equipment:


Section 179 Deduction:

( Year One Write-Off )

50% Bonus Depreciation Deduction:

( Assuming 5-year Life for Equipment )

Regular First Year Depreciation Deduction:

( On any remaining amount above $500,000 )

Total First Year Deduction:
Cash Savings on your Equipment Purchase:

( Assuming a 35% tax bracket )

Lowered Cost of Equipment after Tax Savings:

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%, retroactive to 9/27/2017 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.


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