Tax Savings Calculator

Compute your estimated tax savings for equipment purchases you make this year. Simply enter your estimated equipment costs and your tax bracket in the appropriate boxes below (do not use commas). Your deductions and total tax savings for the first year will appear instantly.

Learn more about financing your equipment purchase

Equipment Cost:	$
Section 179 Deduction:	$
Maximum Annual Equipment:	$
Tax Bracket:	%
MACRS recovery class¹:	yr
MACRS Yr 1 depreciation²:	%

Total First Year Sec 179 Tax Deduction:	$
Total First Year MACRS Depreciation	$
Total First Year Tax Deduction	$
Total First Year Tax Savings	$
Amount to be Depreciated in Future Years	$

¹ assume 7 year property with a class life of 10 to 16 years.

² based on half-year convention (mid-quarter convention would apply if more than 40% of property in the recovery class is placed in service during the 4th quarter of the year)

The results represented in this calculation are estimates only and should be used only as a reference. They do not provide tax advice. Please consult your accountant or financial advisor for specific application to your purchase.

For more information about Matsco’s financing programs, business planning tools or industry resources, call us at 800.326.0376.

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Key Steps to Financial Success: Good Credit

Whether you’re buying your first house or opening your first practice, good credit is the key to all of your future financial investments.

Year-End Tax Planning for Equipment Purchases

So you just looked at your practice financial statements and your net profit is up $100,000 over last year. Lots of new patients, more efficient scheduling, and that week-long continuing education course gave you new skills that boosted the bottom line.

Tax Benefits

To learn how you can take advantage of the tax benefits associated with equipment purchases, contact your CPA or financial advisor.

Matsco is the only practice financing company selected for ADA members and endorsed by ADA Member Advantage^SM. ADA Member Advantage^SM is a service mark of the American Dental Association. ADA Member Advantage is a program brought to you by ADA Business Enterprises, Inc. a wholly owned subsidiary of the American Dental Association.

Matsco is the only practice financing company recommended by the American Animal Hospital Association (AAHA.)

Financing for your practice. And so much more.