Calculate Your Deduction
Cost of Equipment:
$
| Section 179 Benefit | |
|---|---|
| Section 179 First Year Write-Off$1,220,000 is the max. Section 179 write-off | $0 |
| 60% Bonus Depreciation On any remaining value above $1,220,000 | $0 |
| Normal First Year Depreciation * Depreciation calculated at 5 years = 20% | $0 |
| Total First Year Deduction Add Section 179 Deduction, Bonus Depreciation and First Year Depreciation | $0 |
| Tax Savings on Equipment Purchase Assuming a 21% tax bracket | $0 |
| Lowered Cost of Equipment after Tax Savings | $0 |