Section 179 Deduction Calculator for 2009
Are you considering whether or not to purchase or lease equipment in the current tax year? This Section 179 Deduction Calculator for 2009 may very well help in your decision. The changes in the Section 179 Deduction limits for 2009 are significant, and will save your business a lot of money.
How much money can Section 179 save you?
The new Section 179 Deduction limits will have a real impact on your equipment costs. We have found an easy to use calculator that will help you estimate your tax savings. Simply enter in the purchase price of your equipment, and let the calculator take care of the rest. Please note that this Section 179 Calculator fully reflects the new Section 179 limits brought about by the Economic Stimulus Act of 2008 and extended by the American Recovery and Reinvestment Act of 2009.
This sample calculation shows how taking advantage of the Section 179 Deduction can significantly lower the true cost of the equipment purchased or leased. In the example, $400,000 in equipment purchased has a true cost of $281,000. That's $119,000 added to your bottom line, which is substantial.
In order to qualify for the Section 179 Deduction, the equipment must be purchased or leased and put into service by December 31, 2009.
Section 179.org
This website was designed to answer your questions regarding the Section 179 Deduction, and to explain the impact the Economic Stimulus Act of 2008 (H.R. 5140) as well as the American Recovery and Reinvestment Act of 2009 has had on Section 179. The information on this site will clearly explain the Section 179 Deduction in plain terms; will go over what property qualifies under Section 179 for the deduction; and will explore the myriad of ways the Section 179 deduction can impact your bottom line. In addition, there are IRS forms, and also tools for you to use, like the free Section 179 Deduction calculator.
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