Section 179 increased from $25,000 to $500,000
You can take this tax deduction on new and used equipment as long as capital equipment acquisitions for the year do not exceed $2,000,000. After that point the deduction is reduced dollar for dollar up to $2,500,000 when you will receive no Section 179 deduction. Additionally, the Section 179 cap will be indexed to inflation in $10,000 increments in future years. Learn more
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