MACRS Depreciation Calculator
Calculate the annual tax deduction for a business asset.
Your results will appear here
Enter asset details to generate the schedule.
Simplify Your Tax Depreciation
Depreciation is a key tax deduction for businesses, but MACRS rules can be complex. This calculator simplifies the process, instantly generating a standard depreciation schedule for your assets based on IRS-approved percentages, helping you with tax planning and financial forecasting.
How to Use the MACRS Calculator
Enter Asset Cost
Input the total cost basis of the asset.
Select Property Class
Choose the asset's recovery period (e.g., 5-year).
Get Your Schedule
See a full, year-by-year depreciation table.
Common Use Cases for a Depreciation Calculator
Forecast the tax deductions for new equipment, vehicles, or machinery.
Generate a basic depreciation schedule to assist with year-end tax planning.
Understand the long-term impact of depreciation on your company's balance sheet.
Assist in recording annual depreciation expenses for fixed assets.