Estimate your potential tax deduction for tools and equipment purchases using IRS Section 179 and standard depreciation rules. This calculator provides educational estimates only based on current federal and state tax laws.
Educational estimates only • Not tax advice • Terms of Use
Tools and equipment used in a trade or business may qualify for deductions under: Section 179 expensing, Bonus depreciation, and De minimis safe harbor rules. This calculator helps you understand how much you may save based on current IRS rules.
Official guidance: IRS Publication 946 (How to Depreciate Property) outlines federal rules for expensing tools and equipment.