Section 179 Tax Calculator

We Can Help You Understand The 2012 Updates for Section 179.

The Small Business Jobs Act has extended for 2012. Companies may now deduct up to 50% of equipment depreciation in the first year for equipment purchased between Jan. 1, 2012 and Dec. 31, 2012.

Section 179 allows companies to deduct up to $139,000 from their taxable income on equipment purchased. Section 179 is capped at $560,000. Check out our Section 179 tax savings calculator to see what you could be saving.

SECTION 179 CALCULATOR

Cost of Machine: Section 179 Writeoff (First $139,000) 50% Bonus Depreciation Total Deduction First Year Tax Dollars Saved* Bottom Line Cost After Tax Savings

*As part of The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (H.R. 4853), an extension of the Small Business Jobs and Credit act of 2010’s ‘bonus depreciation’ allowance has been included that allows a 50 percent bonus depreciation for investments like company vehicles and equipment placed in service after Jan. 1, 2012 through Dec. 31, 2012. For bonus depreciation, equipment must be new and put to use in the U.S. Tax savings assume a 35% tax bracket. Be sure to consult with your tax advisor for specific advice.

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Section 179 Tax Calculator

SECTION 179 CALCULATOR

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