Download Section 179 Deduction Calculator Template In Excel

Section 179 Deduction Calculator is an excel template that helps to calculate the amount you could save on your tax bill by taking the Section 179 Deduction.

Similarly, As we all know Section 179 deduction is an immediate expense available for business owners on the purchase of business equipment during the tax year instead of depreciating or capitalizing over multiple years.

However, This initiative was taken by the government to encourage the small and medium size businesses to save money on the tax bill and use it for business enhancement.

Moreover, Keeping in mind all the points, we have created Section 179 Deduction Calculator with predefine formulas.

You just need to enter a few amounts and you will tentatively know that how much amount you could save on your tax bill. It is very simple and easy to use this calculator.

Contents of Section 179 Deduction Calculator

Section 179 Deduction Calculator mostly have 2 sections:

  1. Taxpayer’s Details
  2. Section 179 Deductions

1. Tax Payer’s Details

Taxpayer’s section consists of the following:

Taxable Income: Enter your taxable income in this cell. The purpose to provide taxable income here is that according to section 179 (b) (3), the deduction amount shall not exceed the aggregate amount of taxable income of taxpayer.

Thus, if the deduction amount is above the taxable income then section 179 deduction will not be available.

Tax bracket: You need to enter the tax bracket in the second cell on left. This will help calculate the amount you saved on tax.

Tax year: Applicable Tax year. Please keep in mind the calculator is design according to the limits and threshold of the year 2017 for Section 179 deductions.

Total Cost of Equipment: Enter the total cost of equipment for which you are planning to claim the Section 179 deduction.

2. Section 179 Deductions

When you have entered the above amounts in the taxpayer’s details section. Section 179 Deduction will calculate the total amount of the deduction.

Total Amount Of Deduction = Section 179 Deduction + Bonus Depreciation + Allowed Depreciation 


Section 179 Deduction = Cost of Equipment up to $ 5,00,00.

Bonus Deduction = 50% of the Value left after deducting $ 500,000.

If the value of the equipment is less than $500,000. The bonus depreciation will not be available as the total value of the asset is shown as an expense.

1st year Allowed Depreciation = 10% of the balance amount remaining after deducting $ 500,000. 

Similar to Bonus Depreciation, the first year depreciation is again not available if the amount is below $ 500,000 as the total value of the equipment has been written off as an expense.

Download this Section 179 Deduction Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Section 179 Deduction Calculator Excel Template

Instruction :

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