Section179.org has updated its Section 179 Deduction Calculator following the passage of the Power of Protecting Americans from Tax Hikes (PATH) Act of 2015.
The calculator reflects the new Section 179 limits and all amendments/bonus depreciation calculations brought about by the new legislation passed within the PATH Act. It allows you to enter the cost of the equipment to be purchased and then breaks down what the Section 179 deduction, bonus depreciation deduction and normal first year deduction is.
The calculator provides the total first year deduction, cash savings on the purchase and, finally, the lowered cost of equipment after tax savings.
Dealers can learn more at: www.section179.org/section_179_calculator.php