Section 179

2019 Deduction Limit = $1,000,000 (one million dollars)

This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2019, the equipment must be financed or purchased and put into service between January 1, 2019 and the end of the day on December 31, 2019.

2019 Spending Cap on Equipment Purchases = $2,500,000

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar to dollar basis. This spending cap makes Section 179 a true "small business tax incentive."

Bonus Depreciation: 100% for 2019

Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. The Bonus Depreciation is available for both new and used equipment.

More information on Section 179 can be found at www.section179.org.








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