Don't miss HUGE savings
with Section 179 tax deductions

Save big on new and used equipment — even when you convert your rentals to owned equipment.

Act before Dec 31 to take advantage of:

$1.08 million

Deduction Limit

$2.7 million

Spending Cap

100%

Bonus Depreciation

12/31/2022

Deadline

Sample Calculation*

ORIGINAL COST & DEDUCTIONS


Equipment Cost
$100,000
Section 179 Deduction
$100,000
Bonus Depreciation (100%)
$0
First Year Deduction
$100,000

CASH SAVINGS


35% Tax Bracket
$35,000
21% Tax Bracket
$21,000

COST OF EQUIPMENT AFTER TAX SAVINGS


35% Tax Bracket
$65,000
21% Tax Bracket
$79,000

* 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 2022 taxes, up to $1,080,000. The ability to take deductions under Section 179 begins to phase out for total equipment purchases in excess of $2,700,000.
Equipment must be purchased and placed into service by December 31, 2022.

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