Quantcast
Jump to content
  • Come join the TowForce community.

    Sign in to get started and to receive Tower Down Notices.

Section 179 Tax Savings Calculator


Don Seeley
 Share

Recommended Posts

  • Platinum Sponsor

The Section 179 Tax Deduction allows a business to deduct all or part of the purchase price of certain qualifying equipment that is leased or financed.

How It Works:

  • When you acquire equipment for your business, you can deduct up to $1,000,000.
  • The deduction phases out when a business purchases more than $2,500,000 in one year.
  • Once you hit the Section 179 deduction limit, you may also qualify for Bonus Depreciation. For 2019, Bonus Depreciation is 100 percent.
  • The Section 179 Deduction and Bonus Depreciation apply for both new and used equipment.

Calculate now!

 

https://www.beaconfunding.com/section-179-calculator 

 

Savings Example:

 

Equipment Cost                            $55,000

Section 179 Deduction                 $55,000

Bonus Depreciation                      $0

1st Year Depreciation                   $0

 

Total 1st Year Deduction              $55,000

Tax Savings (35% Tax Bracket)     $19,250

 

Don Seeley
Equipment Financing Consultant
847.897.1761 | dseeley@beaconfunding.com
Beacon Funding

Apply Online

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...