Calculate Your Tax Savings and Get Answers About Section 179

Financing has Never Sounded so Good—Especially when You See How Many Tax Dollars You Can Save

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How Much Money Will a Section 179 Deduction Save You?

Section 179 was created for small and medium sized businesses, like yours. When you purchase qualifying equipment, you can deduct the full cost of the equipment from your taxable income. Here’s an example:

If you purchase: $100,000 Equipment Cost

You may qualify for: $30,000 Tax write-off (based on a 30% tax bracket)

Not only will you get the equipment you need now, but you’ll also reduce your taxable income for big savings now—when you need it most.

Use this calculator to see how much you can save in taxes when you finance new or used equipment for your business during the 2024 tax year.

Calculate Your Potential Savings

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(assuming a 30% tax bracket)
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20202021202220232024
Section 179 Maximum Deduction$1,040,000$1,050,000 $1,080,000$1,160,000$1,220,000
Phase-Out Threshold$2,590,000$2,620,000$2,700,000$2,890,000$3,050,000
Bonus Depreciation100%100% 100% 80% 60% 
Does New & Used Equipment Qualify?YesYesYesYesYes



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