As of 2022, the limits for Section 179 were increased to $1,080,000. This means you can deduct up to $1,080,000 of new equipment, software, and/or vehicles. Use our calculator to help identify your savings, first-year depreciation, and deductions.

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* The lease calculator and tax example scenarios are intended for estimate purposes only. The estimated tax savings may be based on assumptions that do not apply to your specific business tax situation. Please consult your tax advisor to determine the full tax implications of leasing equipment. Additional information on business taxes can be found at www.irs.gov.