Section 179 Tax Information
We Can Help You Understand The Updates for Section 179
Section 179: tax incentive up to $1,040,000. Businesses exceeding a total of $2,590,000 of purchases in qualifying equipment will have the Section 179 deduction phase-out dollar-for-dollar. Additionally, the Section 179 cap will be indexed to inflation in $10,000 increments in future years. This tax incentive applies to both new and used equipment purchases.