Depreciation Schedule Calculator

MACRS and straight-line depreciation for tax purposes

What is this? Generate MACRS and straight-line depreciation schedules for tax purposes. See annual deductions and book values for any asset.

Who it's for: Business professionals, contractors, and financial planners.
Asset
Schedule (First 5 Years)
Summary
Year 1 Deduction
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Total 5yr Depreciation
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Tax Savings (yr 1, 24%)
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For educational purposes. Not tax advice. Consult a CPA.

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Frequently Asked Questions

What is depreciation?

Depreciation spreads the cost of a tangible asset over its useful life for tax purposes. The IRS allows you to deduct a portion of the asset's cost each year, reducing taxable income.

What is Section 179 depreciation?

Section 179 allows you to deduct the full cost of qualifying property (equipment, furniture, vehicles) in the year purchased instead of depreciating over time. In 2026, the limit is $1,160,000.

Can I take bonus depreciation?

Yes — 40% bonus depreciation is available through 2026 for qualified property. This allows immediate deduction of 40% of the asset's cost, with the remainder depreciated normally.