Section 1792020-10-22T18:32:49+00:00
Section 179: How to Get the Most Out of the Section 179 Deduction

Holding off on new equipment and software for your business because of capital constraints or other concerns, like conserving your cash? If you act before the end of the year, you could save more than 20% on equipment and software thanks to the IRS Section 179 tax benefit.

With Section 179 you can deduct up to $1,040,000 in 2020 for the purchase of new or used equipment, software and other assets. Office technology, heavy equipment, machinery, and more – you can get everything you need to meet new challenges now and get a sizable tax benefit the next time you file.

Better yet, if you couple this dollar-for-dollar reduction to taxable income with LEAF’s customizable payment plans, the equipment and software you need to strengthen sales and drive revenue becomes more affordable than ever.

Ready to get going? Our Section 179 savings calculator, infographic, and whitepaper can help you get started today so you can take advantage of Section 179 before the December 31st deadline for 2020.

Don’t miss out on up to $1,040,000 in deductions on the solutions you need to move your business forward. For flexible finance options on equipment, software, and more, get in touch today at 800.819.5556.

Section 179 Tax Savings Calculator

Input Equipment Cost:

Section 179 Saving Results:

Section 179 Deduction:

100% Bonus Depreciation:
(on remaining amount exceeding $1,040,000)

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*:

For a quick overview of Section 179, view the infographic provided here.

View the Infographic

For more detail, take a look at LEAF’s whitepaper on this important and powerful tax saving benefit.

Get It Now

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. 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.