Section 179 Expense Deduction

Section 179 Expense Deduction

An election to treat the cost of certain qualified property as a currently deductible expense rather than as a capital expenditure. This is also referred to as expensing. See Form 4562 for the current dollar limits on the deduction.
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bought $2,085,000 of business equipment eligible for the Section 179 expense deduction and elected to not take bonus depreciation on the equipment.
New York accepts the IRC section 179 expense deduction for all assets placed in service prior to May 15, 2003.
New York City accepts the federal section 179 expense deduction except for SUVs weighing in excess of 6,000 pounds (except for eligible farmers).
edu): an Excel spreadsheet developed by the authors for use in determining the optimal section 179 expense deduction.
A limit on the Section 179 expense deduction is increased to $100,000 for qualified property.
The 2008 stimulus bill increases the Section 179 expense deduction from $128,000 to $250,000 and offers a 50 percent bonus depreciation.