Business Expense Deduction Calculator - City of Palmdale, CA Official Web Site

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Business Expense Deduction

You may deduct the cost of each qualifying item of business equipment, furniture and fixtures (or other depreciable personal property) as a business expense in the year you place it into service. The maximum deduction is $20,000. You may also depreciate this property as you would normally, giving you additional benefits over the life of the property.

For more detailed information on this tax credit, refer to FTB 3805Z.

How to Use the Calculator

Enter your information in the form below, then click Add. Repeat to enter more equipment. To remove any entry from the table, click Delete next to that entry. To remove all of your entries from the table, click Clear. When finished, click Compute Tax Benefits to get your results.

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Enterprise Zone Savings Analysis Disclaimer:
This savings analysis is based upon information you have entered into the AVEZ Calculator as well as general tax and accounting principles applicable to Enterprise Zones in general. The AVEZ office cannot guarantee you will realize these savings since this is an estimate and actual savings can vary based upon a number of factors. You should consult with your accountant, tax advisor, attorney and/or the California Franchise Tax Board to verify potential savings your company can realize from the AVEZ.



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