Section 179 allows your business to write off the entire purchase price of qualifying equipment for the current tax year.
Here at Hendershot Equipment we are dedicated to making sure you get the most out of your purchase, so we want to inform you of all Section 179 has to offer.
Are you considering whether or not to purchase or lease equipment in the current tax year? This Section 179 Deduction Calculator for 2024 may very well help in your decision, as Section 179 will save your company a lot of money (the deduction is at a robust $1,220,000, and will stay there for the entirety of 2024.)
How much money can Section 179 save you in 2024?
The Section 179 Deduction has a real impact on your equipment costs. Here’s an easy to use calculator that will help you estimate your tax savings. Simply enter in the purchase price of your equipment and/or software, and let the calculator take care of the rest.Please note that this Section 179 Calculator fully reflects the current Section 179 limits and any and all amendments / bonus depreciation.