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Section 179
(redirected from Section 179 depreciation deduction)

   Also found in: Wikipedia 0.01 sec.
Section 179
An alternative to depreciation, which is a way of deducting expenses gradually over an asset's useful life. Under Section 179, one may deduct the entire cost of the certain assets in the year they were purchased (or put into service). One may not use Section 179 for certain assets, notably real estate.


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I believe that the Section 179 Depreciation Deduction for Passenger Cars is $10,610 in the first year of purchase (page 57/58 of IRS Publication 946).
 
 
 
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