Calculate Equipment Savings With a Section 179 Deduction
Did you know? In the United States, the IRS allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. This can save entrepreneurs like yourself a lot of money, and it effectively reduces the cost of your equipment.
This means that if you purchase or finance a dye-sublimation printer for $7,500 and your tax bracket is 22%, your tax savings are $1,650 (22% of the total price). This reduces the cost of the printer to just $5,850.
Use the calculator below to calculate your savings on a new piece of a equipment using the Section 179 Deduction.
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