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Bonus Depreciation is back! How much can that save MY business?

OBJECTIVES

  • To estimate tax savings from purchasing assets that qualify for 100% bonus depreciation

RESULTS

  • Determine tax savings quickly and efficiently
  • Utilize tax savings to reinvest and/or reduce debt

Please make sure to read the disclaimers at the bottom of this page!

Bonus Depreciation Tax Savings Calculator
Estimate your total household income for the year. This includes, but is not limited to:

Business income, wages, interest, dividends, capital gains, rental income, social security and retirement benefits.
Estimate your business income after all tax-deductible expenses are considered.

Pro-Tip - If you have trouble providing this answer, it would be wise to consider bookkeeping software and/or a bookkeeper.
Bonus Depreciation Generally Applies To:

Equipment & machinery
Computers & electronics
Furniture & fixtures
Vehicles (over 6,000 lbs)
Qualified interior improvements (QIP)
Off-the-shelf software
Used assets (new to you)

Results

Before Asset Purchase

Business Net Income: $0

Business Tax Budget: $0

After Asset Purchase

Business Net Income: $0

Business Tax Budget: $0

Potential Tax Savings from Bonus Depreciation:

$0

DISCLAIMERS

  1. This tool provides estimates of potential tax savings only. For case-specific projections and estimates, please seek a qualified tax advisor or accountant.
  2. The results are estimates based on the data you enter and are not guaranteed tax savings.
  3. Assets that qualify for bonus depreciation are subject to change as further legislation is provided.

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