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Potential Tax Savings

Qualifying businesses acquiring eligible equipment may deduct up to $1,220,000 in 2024. There is a dollar-for-dollar phase out for purchases over $2.62 million. Bonus depreciation remains at 60% in 2024. 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.

Section 179 Deduction:

Bonus Depreciation:

Total First Year Deduction:

Cash Savings on Your Purchase:
(assuming a 21% tax bracket)

Total Lowered Cost of Equipment:

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