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Create Your Own Tax Break for 2017

The Protecting Americans from Tax Hikes Act of 2015 provides businesses with additional tax benefits through December 31, 2019.

  • Under Section 179, businesses spending less than $2,000,000.00 a year on qualified equipment may write off up to $500,000.00 up front. This write-off off is now permanent, and retroactive to 2015.
  • 50% Bonus Depreciation on qualified equipment acquired and placed in service from January 1, 2015 through December 31, 2017. This falls to 40% in 2018 and 30% in 2019.
  • The $500,000.00 deduction phases out when a business purchases more than $2,000,000.00 in one year.
  • Companies cannot write off more than their taxable income.
  • The equipment must be placed in service by the end of the tax year.

What does this mean for businesses?

  • Our capital leases help businesses take advantage of the tax benefits (above) by extending payments out as long as 5 years.
  • Tax Savings could be greater than the amount paid in the first year of a capital lease.

Click here to download our Section 179 Tax Benefits brochure.

Section 179 Calculator

Enter equipment cost:

1st year write-offs:
Section 179 Deduction:
$
50% Bonus Depreciation:
$
Normal 1st year depreciation:
$
Total Deduction in first year:
$

Tax savings (for 35% rate):
$

Equipment cost after tax savings:
$
American Packaging Capital, Inc. is not offering legal, tax, accounting, or financial advice. Customers are encouraged to consult with their tax and accounting advisors for a clear understanding of how these tax benefits and/or various equipment financing products could impact their specific business conditions. For complete details or changes to the tax incentives, please visit www.irs.gov or contact the IRS helpline at 800-829-4933

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