* Section 179 and Bonus Depreciation
6/30/2016

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:

2010-2016         -  $500,000

2017 and Later  -  $500,000 but adjusted for inflation
 

 

 

BONUS DEPRECIATION

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

A 100% rate applies to property acquired in 2011

A 50% rate applies to property acquired during 2012-2017

A 40% rate applies to property acquired during 2018

A 30% rate applies to property acquired during 2019


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