You can elect to deduct up to $500,000 of equipment and machinery purchases this year (more if you’re in certain special areas). How much does this save you in taxes? Use FitSmallBusiness’s calculator to see, based on your investment this year and your tax bracket.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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