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  • Buy Gear Now To Save Money On Taxes!
  • tone tweakers inc

Buy Gear Now To Save Money On Taxes!

Buy Gear Now To Save Money On Taxes!
If you're a professional musician or studio owner here in the US (and probably elsewhere), you may be able to write-off gear purchases you've made this year on your 2016 tax return. This means you've got only 2 weeks left to buy all those fabulous vintage synths and other recording studio gear you've always wanted, while simultaneously lowering your taxes. That's right - buy gear and get FREE MONEY!!! It's pretty much a no-brainer! 

Check out the Section 179 tax deduction calculator here: http://www.section179.org/section_179_calculator.php

We plugged some numbers in and were pretty amazed.
The column below on the left shows the purchase price.
The column on the right shows the cost after tax savings, assuming a 35% tax bracket:

$        500       >     $        325
$      1,000      >     $        650
$      2,000      >     $     1,300
$      3,000      >     $     1,950
$      5,000      >     $     3,250
$     10,000     >     $     6,500
$     20,000     >     $   13,000
$     30,000     >     $   19,500
$     50,000     >     $   32,500
$   100,000     >     $   65,000
$   500,000     >     $ 325,000

We're incredibly busy right now, but please contact us ASAP if you'd like to try to squeeze some purchases into the end of the year and we'll do our best to help.

**Keep in mind we're just vintage synth experts here and not tax professionals, so make sure you run all this by your accountant first. 

 

 

  • tone tweakers inc