Tax Savings Calculator

Save Money Through Equipment Financing
With the recent passing of the Economic Stimulus Act of 2008 , you may be elegible to expense $250,000 or more of equipment financed in 2008.

Calculate your tax savings below and receive immediate online results.

TAX SAVINGS CALCULATOR

First Name 1st Year Write Off Last Name 50% Bonus Depreciation Email Address Normal 1st Year Depreciation Phone Number Total 1st Year Deduction State - Select - Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming ---------- Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Northwest Territories Nova Scotia Nunaut Ontario Prince Edward Island Quebec Saskatchewan Yukon Cash Savings1 Equipment Cost Lowered Cost of Equipment2

Assuming a 35% tax bracket The calculator presents a potential tax scenario based on typical assumptions that may not apply to your business. This page and calculator are not tax advice. The indicated tax treatment applies only to transactions deemed to reflect a purchase of the equipment or a capitalized lease purchase transaction. Please consult your tax advisor to determine the tax ramifications of acquiring equipment or software for your business. All finance agreements are subject to Beacon Funding credit approval.

Invest In Your Business!
When purchasing new equipment, such as machinery, computers, and other tangilbe goods, small businesses prefer to deduct a substantial amount in a single tax year, rather than a little at time over a number of years. Under Section 179, the law increases your amount that a business can expense on qualified equipment up to $250,000. This incentive is in place for small companies whose equipment is in service between December 31, 2007 and January 1, 2009 and the deduction phases out when a business purchases more than $800,000 in one year. (Companies cannot write off more than their taxable income.)

2008 Bonus Depreciation
In addition to the regular first-year depreciation, business owners can take advantage of a bonus depreciation of 50% on qualified equipment.

Calculate your tax savings today and see how much you can save your 2008 equipment purchases.

Benefits of a Non-Tax/Capital Lease
The benefit of a Non-Tax/Capital Lease is that it can take advantage of Section 179: expense up to $250,000 if the equipment is in service in 2008. In addition, you may depreciate any excess as determined by the depreciation schedule for that asset. Examples of a Non-Tax/Capital Leases include a $1.00 Buyout, an Equipment Finance Agreement (EFA), and a 10% Purchase Upon Termination (PUT) Lease.

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