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Section 179 Calculator

Leveraging Section 179 of the IRS tax code could be the best financial decision you make this year.

Calculate your potential savings with our 2019 Section 179 tax deduction calculator. Just enter your equipment cost below.
2019 Tax Incentives: Section 179

Tax provisions accelerate depreciation on qualifying business equipment, office furniture, technology, software and other business items. When you finance such purchases with Ascentium Capital, you may deduct a significant portion, up to $1,020,000 in 2019 (to be adjusted for inflation in future years). There is a dollar-for-dollar phase out for purchases over $2.55 million. Additionally, for 2019 bonus depreciation remains at 100% on qualifying assets. Consequently, not only will Section 179 help bolster your bottom line, you garner the benefits of new equipment and technology that will help grow your business.

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To capture these tax savings, qualifying property must be placed in service before December 31, 2019. Simply choose your business equipment and Ascentium will design payments to help you make a profitable decision.

Total Lowered Cost of Equipment:
(after Tax Savings)
*Tax calculation is only an example for illustrative purposes. Consult your tax advisor regarding the impacts Section 179 and bonus depreciation may have for your business. Financing based on credit approval.

Frequently Asked Questions About Section 179 Tax Incentives

Why was Section 179 created?

Section 179 was created as part of a government stimulus act to encourage small businesses to invest in their growth by providing accelerated depreciation and tax deductions on qualifying business purchases.

What is the 2018 Annual Deduction Limit?

For 2019, the maximum amount you may elect to deduct is $1,020,000 on qualifying property purchased and placed into service during the 2019 tax year. If your purchases exceed $2.55 million, the deduction amount will be reduced dollar for dollar equal to the amount over $2.55 million.

What is Bonus Depreciation?

Bonus depreciation allows qualifying businesses that spend more than the Section 179 limit to depreciate up to 100% on the remaining purchase amount. Bonus depreciation is very useful to companies that spend more than the allowed $2.55 million in a tax year. After Section 179 deductions are taken by a small business, bonus depreciation may be applied to further accelerate depreciation.

What types of purchases qualify for Section 179?

Purchases of business equipment, office furniture, computers, software and technology as well as many other business assets qualify for Section 179. Click here for more detail on the assets that may qualify for Section 179 tax deduction.

Can you apply the Section 179 deduction and/or bonus depreciation to financed equipment?

Yes! For eligible companies, choosing to finance your purchase of equipment can help your company save when the finance agreement enables you to take advantage of Section 179! Talk to your tax advisor and finance manager to determine the type of financing that best suits your company's unique tax needs.

How do I take advantage of the Section 179 Deduction?

If your company and the assets qualify, fill out applicable parts of IRS Form 4562 and include it with your tax filing.

To elect the Section 179 tax deduction, qualifying assets must be purchased and put into service during the tax year for which you are electing the deduction.

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