Section 179 deduction dollar limits. For tax years beginning in 2024, the maximum section 179 expense deduction is $1,220,000. This limit is reduced by the amount by which the cost of section 179 …

The Section 179 deduction limit is $1,250,000 in 2025 and $2,560,000 in 2026. It lets businesses deduct the cost of some assets immediately rather than over time.

Jan 16, 2026 · What Is the Section 179 Deduction? The Section 179 deduction allows businesses to deduct the full purchase price of qualifying equipment and property in the year it’s placed in service, …

Use Section 179 to expense qualifying business equipment and software in the year it’s placed in service. This guide covers the 2026 rules (tax years beginning in 2026), including current dollar …

Aug 16, 2025 · Section 179 of the U.S. Internal Revenue Code allows businesses to write off some assets in the same year of purchase. The Section 179 deduction is applied at the asset's full value...

Any cost so treated shall be allowed as a deduction for the taxable year in which the section 179 property is placed in service. The aggregate cost which may be taken into account under subsection …

Aug 29, 2024 · The IRS Section 179 deduction lets business owners deduct the full amount of the cost of qualifying new and used machinery, furniture, vehicles, and certain improvement property up to …

Section 179 of the United States Internal Revenue Code (26 U.S.C. § 179), allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense, rather than …

Aug 31, 2024 · IRS Section 179 covers business deductions for equipment. Learn what equipment qualifies and how to claim the deduction on your taxes.

Internal Revenue Service