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2022 Section 179 Tax Deduction Calculator

Take Advantage Of Section 179

What is the IRS Section 179 deduction?

The IRS Section 179 Deduction allows you to take the depreciation deduction for qualifying business assets in their first year, rather than factoring in depreciation over a longer period of time. See how much you can save with this easy-to-use calculator.

  • Most new and used equipment, as well as some software, qualify for the Section 179 Deduction

  • 100% bonus depreciation for 2020 new and used equipment allowed*

  • Section 179 deduction limit is now $1,040,000**

  • 2020 Section 179 Deduction threshold for total amount of equipment that can be purchased is now $2,590,000

The calculator presents a potential tax scenario based on typical assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment or software for your business.

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