Section 179 Tax Calculator

2016 Section 179 Limit: $500,000

The Section 179 deduction is a tax incentive that is easy to use, and gives businesses an incentive to invest in themselves by adding equipment. Taking advantage of Section 179 will help your business keep more capital, while getting needed equipment and software. See how much the tax deduction can save your company.

Section 179 Tax Deduction Details:

  • Most tangible business equipment qualifies - it must be purchased and put into use between January 1 and December 31 of the tax year you are claiming.
  • Section 179 for this year expires at midnight on December 31st.
  • You can take full advantage of the deduction when leasing equipment, which is a preferred strategy for many businesses.
  • To take the deduction when you file your tax return, simply fill out Part 1 of IRS form 4562 or contact your tax advisor.

Always contact your tax advisor to verify tax or accounting issues or visit www.irs.gov for specific details.

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Estimate Your Savings*

Section 179 is an easy to use tax incentive that helps your business keep more capital.

Enter numbers only, no commas.


Equipment Cost (Up To $500,000)



Discount (Assuming 35% Tax Rate)


Net Equipment Cost

*Always contact your tax advisor or visit irs.gov for details.