Save big on new and used equipment — even when you convert your rentals to owned equipment.
Don't miss HUGE savings
with Section 179 tax deductions
Act before Dec 31 to take advantage of:
$1,160,000
Deduction Limit
$2,890,000
Spending Cap
80%
Bonus Depreciation
12/31/2023
Deadline
Sample Calculation*
ORIGINAL COST & DEDUCTIONS
CASH SAVINGS
COST OF EQUIPMENT AFTER TAX SAVINGS
* This information should not be considered tax or legal advice. Contact the IRS or your tax advisor for details.
Section 179 allows businesses to deduct the full cost of qualifying new and used equipment from your 2023 taxes, up to $2,890,000. The ability to take deductions under Section 179 begins to phase out for total equipment purchases in excess of $4,050,000. Equipment must be purchased and placed into service by December 31, 2023