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2008 Depreciation Calculator

The Economic Stimulus Act of 2008 allows business owners to deduct an additional 50 percent of their investment costs on next
year's tax return, so you can use your capital in other areas of your business.

To help you with your equipment acquisition decisions, you can use this calculator to plug in the cost of new equipment and find out
immediately how much you can deduct compared to last year.

  • Section 179 deduction limit: $250,000
  • Maximum investment limitation: $800,000

Please consult your tax advisor for application to your specific income calculation.



2008 DEPRECIATION CALCULATOR

Purchase Amount:
Depreciation Schedule: 5 years

       
   First Year Deduction with New Act
(Section 179 Deduction)
(50% bonus under new law)
(MACRS for the remaining balance)
---------------------------
Total First Year Deduction
First Year Deduction Prior to New Act
(No bonus prior to new law)
(Normal first year MACRS depreciation)
---------------------------
Total First Year Deduction

This is a conservative approach of depreciation using MACRS on 5 year property. Final IRS regulations have not been published, and some accelerated methods may be available for some or all of the above depreciation schedules.


Click here to download a copy of 2008 Depreciation Calculator.

NOTE: This application requires Microsoft .NET Framework Version 2.0 Redistributable Package (x86).
If you do not have a copy of the .NET 2.0 Framework installed in your machine, click here to download a copy.