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2014 Tax Calculator

STILL GREAT TAX SAVINGS AVAILABLE ON EQUIPMENT PURCHASES!


For the 2014 tax year, Section 179 allows businesses that spend equal to or less than $200,000 a year on qualified equipment to write off up to $25,000 in 2014 (new or used).  All purchases over $200,000 will result in a reduction of the $25,000 deduction.  If a company's capital acquisition exceeds $225,000 in 2014, the section 179 deduction is nil.

WE CAN HELP!
If a company exceeds its depreciation limit of $200,000 for the year, MFS can also offer a number of financial products to minimize a company's tax liability beyond Section 179 and the Standard Depreciation. Please call us for details!
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PLEASE PLUG-IN THE ESTIMATED MACHINE PRICE HERE
The simple spreadsheet below will demonstrate your potential Tax Savings: 2014
Estimated Machine Price (EMP) $0
Section 179 Deduction
$0
Balance to Depreciate over 7 Years (EMP - Section 179 Deduction) $0
Standard Depreciation - 14.29% Yr. 1 x (EMP - Section 179 - Bonus Dep.) $0
Total First Year Tax Deduction (179 Ded. & Stand. Depreciation) $0
Assumed Customer Tax Bracket
35%
TAX SAVINGS $0
Aprox. # of Payments Covered by these Tax Savings 0
Total Second Year Tax Deduction (24.49% Stand. Depreciation) $0
Assumed Customer Tax Bracket
35%
TAX SAVINGS $0
Aprox. # of Payments Covered by these Tax Savings 0
Companies should consult their tax accountants to confirm eligibility for tax benefits.

 

Circular 230 Disclaimer: Nothing included in this website is intended to be used, and cannot be used (i) for the purpose of avoiding penalties that may be imposed on a taxpayer under the Internal Revenue Code of 1986, as amended, or (ii) in promoting, marketing or recommending a partnership or other entity, investment plan or arrangement.

Manufacturers Financing Services would be happy to finance your equipment purchases
and answer any questions relating to this tax law. Please feel free to contact us with any questions.

Contact your MFS Experts at (877) 949-4771, ext. 2537 or 2516

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