How Much Can You Write Off?
Use our Section 179 deduction calculator to see what buying or financing new equipment could save you at tax time.
Calculate My Savings ↓
Deduct the full cost, the same year you buy it
Section 179 of the IRS tax code lets businesses deduct the full purchase price of qualifying new and used equipment and software placed into service during the year it was purchased or financed. Instead of writing off a small piece of the cost each year through depreciation, you write off the whole thing now, which is exactly why so many business owners choose to invest in equipment sooner rather than later.
Section 179 Deduction Calculator
Enter your equipment cost below to see an estimate of your potential tax savings.
Explanation of Results
You may realize a 35% discount on your equipment purchase due to tax savings.
| Summary | Amount |
|---|---|
| Equipment cost | $0 |
| Section 179 deduction | $0 |
| Estimated tax savings | $0 |
| Net cost after savings | $0 |
This calculator provides an estimate only and is not tax advice. It assumes a combined federal and state tax rate of 35% and does not apply the IRS's annual Section 179 dollar limit, which changes each year. Actual savings depend on your business's specific tax situation. Talk to your tax professional to confirm what you qualify for.
Ready to put your equipment to work?
BizLending360 can help you finance the purchase, so you get the deduction now and keep your cash reserves intact.
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