Section 179 lets you deduct the cost of a business asset in the year you buy it or place it in service. Learn if it's the best choice for your business.

The Section 179 rules for 2012 were set to return to $25,000, with a phase-out threshold of $200,000. The Tax Relief Act increased the maximum Section 179 deduction for 2012 to $125,000.

Therefore, here are the general rules that you want to follow: First, take Section 179 deduction on all of your used equipment. Second, take full Section 179 deduction on all assets with the ...

One hurdle section 179 imposes, however, is that noncorporate taxpayers must follow some exacting rules to expense property they lease to others. Under section 179(d)(5)(A), taxpayers may take a ...

If the amount expensed under Section 179 does not equal the cost of the equipment — or you choose otherwise — you can still write off the balance under the regular MACRS rules. Some restrictions apply ...

Without Section 179, you'd only be allowed to deduct $10,000 each year over the seven-year period. With Section 179, you get the full $70,000 deduction up front, giving you more immediate tax savings.

Bonus depreciation and the Section 179 expensing rules allow the purchaser of a qualified depreciable asset to deduct 100% of cost as a current year depreciation expense.

In addition, will the rules be the same in 2015 if I continue to expand? A You will be able to deduct part or […] Skip to content. All Sections. Subscribe Now. 53°F. Friday, June 27th 2025 ...

Question from Mark April 4, 2011 at 7:56am Richard, In response to your answer regarding field drainage tile and sec 179 deduction- could you be more specific regarding the business income limitation.

Question from Kevin March 23, 2011 at 6:41am Richard, I purchased a used 38' motor home in 2010 to use 100% business when I travel on location for 2-3 months at a time for independent contractor work.