Section 179 Financing Calculator
Your new equipment could lower your taxes with IRS Section 179 and free up cash for other business needs. Use our calculator to estimate your potential savings and see how financing can help you take advantage of this tax benefit.
Features
About Section 179
Section 179 encourages business owners to invest in equipment or technology by allowing them to deduct a substantial amount of the asset's value the first year. If you put your leased equipment in use before December 31, 2025, you may be able to deduct up to $1,250,000 from your taxes. Additional amounts may be expensed as per applicable depreciation.
Does Section 179 apply to my business?
A sole proprietor, partnership, or corporation can fully expense qualified tangible property the year it is put in use if the qualifying assets are used for business purposes more than 50 percent of the time. Your equipment must be delivered and in use by December 31, 2025.
How much can I deduct for the 2025 tax year?
Your business can deduct a value up to $1,250,000 of qualified equipment acquired and put in use during 2025.
Can I finance equipment and still take advantage of the deduction?
Yes, Capital Leases and Equipment Finance Agreements may qualify for the Section 179 deduction. You can make minimal payments in 2025 for your new equipment and may still be able to write off up to $1,250,000 of the purchase price.
NewLane Finance
Premier financing network trusted nationwide.
| Description | Amount |
|---|---|
| Deduction | $0.00 |
| Tax Savings (24% bracket) | $0.00 |
| Equipment Cost After-Tax Savings | $0.00 |
Please Note: Any financing is subject to credit terms and approval. Equipment restrictions may apply. NewLane does not warrant that your company will qualify for an IRS 179 deductible. Qualified amount may vary. Please consult your tax advisor or accountant prior to making any decisions based upon Section 179 information. Equipment must be purchased and placed in service by 12/31/2025. For illustrative purposes only. NewLane cannot guarantee any deductible. Please consult your tax advisor or accountant for accurate deductible estimates, if any.
NewLane Finance
Based in Philadelphia, NewLane Finance provides vendors, brokers, businesses, and medical practices with tailored equipment financing solutions that make acquiring equipment easy.
NewLane Finance is a subsidiary of WSFS Bank, the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. With nearly 200 years of experience, WSFS provides us the strength and stability to support your financing needs nationwide.
Wilmington Savings Fund Society, FSB d/b/a WSFS Bank. Member FDIC. NewLane Finance Company is a partially owned subsidiary of WSFS Bank.