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Calculate My Lease Payments
Section 179 of the Internal Revenue Code allows businesses to deduct equipment acquisitions up to a specified amount.
In 2007, the ceiling was $128,000, but the Economic Stimulus Act of 2008 enables businesses to deduct up to $250,000 of equipment acquisitions.
Sample Savings:*
Cost: $40,000
Deduction: $40,000
Tax Bracket: 40%
Tax Savings: $16,000
The equipment can be either leased or bought, but the deduction only applies to equipment acquired in 2008. By leasing your equipment, you can save on initial cash outlay and taxes.
*Consult your financial advisor for a more accurate depiction of your savings.
Lease Application
You may apply for a lease in one of the following ways. Please provide as much detail as possible in the information you submit.
Go to: our Online Application. Fill out a secure application that you can submit online. We will contact.
Calculate My Lease Payments
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