IRS SECTION 179 DEDUCTION
This calculator is designed to help estimate the tax savings that can be realized by the purchase and installation of business personal property.
Equipment purchased and installed for use before December 31st of the year the deduction is claimed.
”You can elect to recover all or part of the cost of certain qualifying property, up to a limit, in the year you place the property in service. This is the Section 179 deduction. You can elect the Section 179 deduction instead of recovering the cost by taking depreciation.”