Section 179 Deduction fully updated to $1,000,000 for 2018
Are you considering whether or not to purchase or lease equipment in the current tax year? The Section 179 Deduction Calculator link below may very well help in your decision, as Section 179 will save your company a lot of money (the deduction is at a robust $1,000,000, and will stay there for the entirety of 2018.)
Bonus Depreciation is at 100% for 2018
The new 2018 tax laws have also increased the bonus depreciation percentage to 100% (from 50% last year) for equipment placed in service before the end of the year.
How much money can Section 179 save you?
The Section 179 Deduction has a real impact on your equipment costs. Here’s an easy to use calculator that will help you estimate your tax savings. Simply enter in the purchase price of your equipment and/or software, and let the calculator take care of the rest.
Click here to get started!
Call us at 800.223.1376 for more information.
Be sure to consult your CPA or tax professional to find out if you qualify for Section 179 and if it could help your business save money.