* Section 179 and Bonus Depreciation
1/2/2018

SECTION 179 LIMITS


The following summarizes the historical annual maximum allowable Code Sec. 179 deduction (i.e., dollar limit):

Maximum expense deduction for tax years beginning in:


2017   -  $500,000


2018   -  $1,000,000
 





 

 

BONUS DEPRECIATION


Code Sec. 168(k) provides a first-year bonus depreciation deduction for qualifying property.

A 50% rate applies to property acquired from 2012 through 9/27/2017

A 100% rate applies to property acquired after 9/27/17 and before 1/1/23



Featured News

NATIONAL NEWS & ALERTS

P&L NEWSLETTER
P&L Newsletter