Potential Tax Savings
Qualifying businesses acquiring eligible equipment may deduct up to $1,050,000 in 2021. There is a dollar-for-dollar phase out for purchases over $2.62 million. Bonus depreciation remains at 100% in 2021. Section 179 may help bolster your bottom line, enabling you to garner the benefits of new equipment that can help grow your business. Potential tax savings are for illustrative purposes only. Ascentium does not supply tax advice. Please consult with your tax advisor. All pricing is subject to change based on time and credit.