What is the maximum Section 179 expense? Section 179 expense deductions are limited to $1,040,000 in total. For qualified expenditures of more than $2 million, it is reduced dollar for dollar. The ...

Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

Higher-cost assets must either be depreciated over time or claimed under Section 179, which allows full expensing in the year of purchase. Example: A $1,500 laptop can be fully deducted as an ...

This is due to construction companies trying to reduce their tax burden by making equipment purchases they can write off using Section 179. Since the Section 179 deadline is December 31 ...