2020 Section 179
(Archived Page From 2020)

Keep Substantial Dollars in Your Pocket for 2020!

It’s a new decade, and Section 179 is better than ever. Combine Crest Capital’s ‘Section 179 Qualified Financing’ with your generous Section 179 tax deduction to keep thousands of dollars in your bank account. Learn More About Section 179 and Financing with this Free Report →

Use this Section 179 Calculator to Check Your Savings for 2020

The Section 179 Tax Deduction encourages small and medium businesses to invest in themselves by allowing a full write-off of the cost of new (and used) qualifying equipment. This free Section 179 calculator is updated for 2020 – go ahead and punch up some numbers to see how much you can save.

2020 Section 179
Tax Deduction CalculatorTM

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The calculator presents a potential tax scenario based on typical assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment or software for your business.

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2020 is Looking Strong, Because the Section 179 Deduction is BIG

The 2020 Section 179 deduction limit is $1,040,000. That’s a robust number, and allows a business to deduct the full cost of new or used qualifying equipment from their 2020 taxes. This can make a big difference to your company’s bottom line.

To take advantage of Section 179 for 2020, the equipment must be purchased and put into service/installed by midnight 12/31/2020. To claim the deduction, use Form 4562.

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