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Section 179 Tax Savings Calculator

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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!




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

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