The Money Source, Inc - Helping Companies Finance Equipment Since 1985
The Section 179 deduction, which allows businesses to deduct upfront rather than depreciate over time the costs of certain kinds of equipment, has nearly doubled, rising to $250,000.
The bonus depreciation provision allows businesses to depreciate 50% of the cost of equipment, with the balance to be depreciated according to IRS rules.
This Means Huge Tax Savings for You.
You can receive the full $250,000 deduction for purchases up to $800,000. After that, the deduction decreases $1 for each dollar over $800,000.
Any unused portion of the $250,000 is lost opportunity to lower your taxes.
The time is now to save big! Call us today to learn how your practice can benefit from the Economic Stimulus Act. 888-844-1405 or click here.
Calculate Your Tax Savings!
The Section 179 Allowance
Section 179 Write-off
$0
50% Bonus Depreciation
$0
First Year Depreciation1
$0
Total First Year Deduction
$0
Potential Savings2
$0
1 Straight line depreciation, five year recovery period
2 Assumes 35% tax bracket
NOTE: This calculator is intended only to allow you to see the potential impact of the tax provisions referred to in a typical situation. It is based on assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemd to reflect a purchase of the equipment (e.g., a conditional sale lease). Please see your tax advisor to determine the tax ramifications of acquiring equipment in your specific situation. The deduction limitations set forth herein are subject to inflation adjustment increases under the Internal Revenue Code - see your tax advisor.
