Southeast

2018 Tax Calculator / Section 179

ENHANCED TAX INCENTIVES AVAILABLE
WHEN YOU PURCHASE EQUIPMENT IN 2018!


MFS will show you how investing in equipment NOW can pay off in BIG Tax Savings for the Year 2018.

Section 179 of the IRS tax code allows a deduction up to the full purchase price of qualifying equipment purchased or financed.  That means that if you buy (or lease) a piece of qualifying equipment, you may be able to deduct all of the PURCHASE PRICE from your gross income (up to $1,000,000) .

For the 2018 tax year, Section 179 allows businesses that spend less than $2,500,000 a year on qualified equipment to write off up to $1,000,000 in 2018 (available on new or used equipment).

Bonus Depreciation in 2018 is 100%. This can be taken on new and used equipment.

 

$
PLEASE PLUG-IN THE ESTIMATED MACHINE PRICE HERE
The simple spreadsheet below will demonstrate your potential Tax Savings: 2018
Estimated Machine Price (EMP) $0
Section 179 Deduction
$0
Balance to Depreciate over 7 Years (EMP - Section 179 Deduction) $0
100% Bonus Depreciation $0
Standard Depreciation - 14.29% Yr. 1 x (EMP - Section 179 - Bonus Dep.) $0
Total First Year Tax Deduction (179 Ded. + Bonus & Stand. Depreciation) $0
Assumed Customer Tax Bracket
35.0%
TAX SAVINGS $0
Aprox. # of Payments Covered by these Tax Savings 0

Companies should consult their tax accountants to confirm eligibility for tax benefits.

If a company exceeds its depreciation limit for the year, MFS can also offer a number of financial products to minimize a company's tax liability beyond Section 179, and Standard Depreciation.

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 Expert: Darryl Schoen (562) 949-4771, ext. 2516