Section 179 Calculator

Calculate your savings

Let us help you take full advantage of IRS Section 179, a special tax deduction that allows you to quickly write-off all or part of the cost of new or used equipment in the same year you purchase it.

  • Section 179 Deduction for 2021:
    $1,000,000
  • Bonus 100% Depreciation for 2021:
    $1,500,000
  • Total First Year Deduction:
    $2,500,000
  • Net Cost:

Enter your tax bracket and equipment cost.

Cash savings on your
equipment purchase!

IRS Section 179 Tax Deduction qualifications

  • Section 179 allows for 100% write off of certain assets up 1,040,000 million. The deduction is intended for small business so the deduction begins to phase out dollar for dollar once total equipment placed in service by the taxpayer is 2,590,000 and completely phased at 3,630,000 in current year equipment purchases. Section 179 is elected asset by asset. 
  • Most new and use equipment, as well as some software, qualify for the Section 179 Deduction.
  • When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation.
* Amur Equipment Finance is not an accounting firm. Please make sure to consult your personal tax advisor on any tax information. Credit & equipment restrictions apply. This program estimates a tax rate. Your actual tax rate and savings may vary.  Tax benefits may vary by type and class of property purchased, use of property, time when property acquired, and individual taxing situations. Your individual tax situation may affect your ability to utilize the elections. Please consult your tax adviser or accountant for additional information. Equipment must be purchased and placed in service by 12/31/20.

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