Here is what is new with Section 179 in 2014:

  • The deduction limit for Section 179 has been restored to its original limits of $25,000
  • The 2014 Section 179 deduction threshold for total amount of equipment that can be purchased is now $500,000
  • Most new and used equipment, as well as some software, qualify for the Section 179 Deduction
  • Read the latest news about IRS Section 179

Calculate Your Savings Online!

Calculate Your Own Deduction

Cost of Equipment: $
Section 179 First Year Write-Off: $
50% Bonus Depreciation:
(On any remaining amount above $500,000)
$
Normal First Year Depreciation:
(Depreciation calculated at 5 years = 20%)
$
Total First Year Deduction:
(Add Section 179 Deduction, Bonus
Depreciation and First Year Depreciation)
$
Tax Savings on Equipment Purchase:
(Assuming a 35% tax bracket)
$
Lowered Cost of Equipment after Tax Savings: $

*Credit and equipment restrictions apply. This program does not assume you are eligible to take advantage of the IRS Section 179 depreciation schedule which allows rapid first year depreciation of certain assets acquired. The amount of previous depreciation you may have used may affect your ability to utilize the elections. The Section 179 deduction is applicable on amounts less than $2,000,000. Please consult your tax advisor or accountant for additional information. The data and descriptions above are presented for informational purposes only.  Neither Marlin Leasing Corporation nor any of its affiliates are tax advisors or consultants.