By purchasing or leasing used or new equipment prior to Dec 31, 2011, you may be
able to expense $ 500,000 or more against your Corporate 2011 Tax Payables. Section
179 IRS Tax benefits are for USA based companies only; it applies to equipment purchased
or leased by businesses operating as a sole proprietorship, partnership, or corporation.
If you have a business with a taxable profit - don't wait another day. Never before
was your equipment acquisition more affordable. Time is running out - take advantage
of the big tax benefits and acquire the equipment your business needs today!
Section 179 allows taxpayers, rather than depreciating the cost over a period of
several years, to completely deduct the cost of qualifying equipment up to $ 500,000
new or used, paid or acquired with $ 1 buy-out lease, and includes "off the
shelf" software purchases.
For any remaining amount above the $500,000 allowance, you are entitled to take
the first year depreciation. The maximum dollar amount of equipment you can purchase
in 2011 is $ 2,000,000 before the deduction is reduced dollar for dollar for purchases
in excess of $ 2,000,000. 50% Bonus Depreciation plus 20% First Year Depreciation
can be taken after Section 179 deduction in the first year the equipment is placed
into service, assuming MACRS, 5-year life, 200% declining balance, or half-year
convention.
2011 Section 179 Allowance Calculator
50% Bonus Depreciation Deduction:
Normal 1st Year Depreciation:
Total First Year Deduction:
Cash Savings on your Equipment Purchase:
Final Cost of your Equipment Purchase:
To help you calculate your savings, we've provided the following calculator for
Section 179 deductions for 2011.
This calculator is fully updated with the current limits for the 2011 tax year,
and gives you a clear picture of just how much Section 179 can save you this year.
Go ahead - see what you can save!
The information provided on this site is provided for general reference only,
contains a partial overview of certain sections of the Internal Revenue Code of
1986, as amended (the "Code") and is not intended as a detailed
discussion of the depreciation rules or any other provision(s) of the Code. Nothing
herein constitutes any tax, accounting or legal advice, and it cannot be used or relied upon
to avoid any penalties that may be imposed under U.S. Federal tax laws. You should
consult your own independent tax, accounting and/or legal advisors for advice that is
based upon your particular circumstances. Nothing herein constitutes a proposal or
commitment for any particular transaction.
