Section 179 – 20182019-04-01T18:39:13+00:00
Section 179: How to Get the Most Out of the Section 179 Deduction

Deduct up to $1,000,000 in Equipment and Software With Section 179

If you need equipment and software for your business, now is a smart time to acquire it! The Tax Cuts and Jobs Act of 2017 permanently raised the deduction limit to $1,000,000 on qualified equipment, software and other assets – and now includes the acquisition of used equipment.

This dollar-for-dollar reduction of taxable income goes straight to your tax savings. Plus, LEAF’s customized payment plans make your equipment and software even more affordable!

Use our savings calculator to see how taking advantage of Section 179 can actually reduce the cost of your equipment purchase and see below for more resources to help you get the most from this important tax benefit.

Section 179 Tax Savings Calculator

Input Equipment Cost:

Section 179 Saving Results:

Section 179 Deduction:

100% Bonus Depreciation:
(on remaining amount exceeding $1,000,000)

Regular First Year Depreciation Deductions:
(assuming five-year property)

Total First Year Deduction:

Tax Savings On Your Equipment Purchase:
(assuming a 21% tax bracket*)

Cost of Equipment After Tax Savings*:

Get the Facts for This Year’s Section 179 Deduction in Our Infographic

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Contact us today to learn more about Section 179 and how LEAF can build you a custom payment plan that is right for your business at 800.819.5556.

Terms and Conditions: All applications are subject to credit approval. LEAF finances equipment only for business purposes and not for personal, family or household use. Void where prohibited. The above is for informational purposes only and is not intended as tax or legal advice. Always check with your accountant or tax advisor to verify your eligibility for any tax deduction.