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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 $500,000 and the limit on purchased equipment of $2,000,000. Once this limit is exceeded, the 179 deduction is reduced dollar-for-dollar, i.e. at $2,500,000 of equipment purchased, the 179 deduction is no longer available. In addition, Bonus Depreciation is set at 50% and will run through 2017.

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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