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Section 179 Deduction Calculator

Should you 179 the new truck this year or MACRS-depreciate it over 5? See present-value tax savings under both paths.

Where this fits

🧾 TaxTax StackCash FlowFreelancersFounders

This tool lives inside Tax Stack + Cash Flow and is most useful for freelancers and founders.

SE Tax Rate15.3%
QBI Deduction20%
Quarterly DeadlinesApr · Jun · Sep · Jan

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Depreciation Calculator

Compare Section 179 expensing, bonus depreciation (60% in 2024), and MACRS for any business asset. See year-1 deduction, estimated tax savings, and a full multi-year MACRS schedule.

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Business Asset Depreciation Calculator

Model four depreciation methods for any business asset: MACRS (IRS standard half-year convention), Straight-Line, Section 179 full first-year expensing (2024 limit $1.22M), and 60% Bonus Depreciation. Enter asset cost, class (5-yr, 7-yr, 27.5-yr, 39-yr), business use %, and marginal rate to get a year-by-year deduction schedule, total tax savings, and NPV at 7%.

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Home Office Deduction Calculator

Calculate your home office tax deduction using the IRS simplified method ($5/sq ft, max $1,500) or the regular method (actual expenses × business-use %). See your estimated tax savings for freelancers and 1099 contractors.

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