IEC 2011 Tax Calculator

Take advantage of paramount savings that have never been seen before.

Finance your new equipment, have it delivered and installed before December 31, 2011, and write off 100% of your investment!

Section 179 & Bonus Depreciation can save you money in 2011 when you finance with IEC

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 that was signed December 17, 2010, provides incentives that could save your company thousands of dollars and enable you to put new equipment technology on your shop floor.

The Act provides for a 100% write off of the cost of property eligible for Bonus Depreciation (50% in 2012). The Act also extends business expensing rules, which allow qualifying businesses the option to currently deduct the cost of business machinery instead of recovering it via depreciation over a number of years. The Section 179 Expensing Provision is $500,000 for 2011 ($125,000 for 2012) if total asset purchases do not exceed $2,000,000 (phase out begins over this amount) ($500,000 in 2012)

Don't let this opportunity pass you by. Review your equipment and fixed asset needs and take advantage of the additional cash that can be in your pocket with this tax year. Enter the amount of your machine tool you are interested in and see the savings for yourself.

Calculate the savings on the 2011 Tax Calculator & hit the update button now!!

New Machine Tool - 7 Year Asset
Section 179 Expensing Provision
Remaining Cost Basis
Bonus Depreciation of 100% Year 1

Total Deprec. In Year 1
Percent of Write Off
TAX SAVINGS- assuming tax rate of 35%
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 for your business.