Loading calculator...
Loading calculator...
Estimate your Section 179 deduction, tax savings, and net equipment cost.
The 2024 deduction limit is $1,220,000 with a phase-out beginning at $3,050,000 in total equipment purchases.
Most tangible personal property used in business qualifies, including machinery, vehicles (with limits), computers, and off-the-shelf software.
No. Section 179 deductions cannot exceed your business taxable income. Any excess carries forward to the following year.