Section 179 Limit 2025 . Here’s how you can strategically use both: Section 179 deduction is a tax provision that allows businesses to deduct the full purchase price of qualifying equipment and software in the same year that it’s purchased and.
Suppose a small business buys $500,000 worth of new equipment in 2024 which is treated as eligible property under section 179. In 2024 (taxes filed in 2025), the section 179 deduction is $1,220,000.
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2025 Section 179 Limits Sibel Corrinne , For tax years beginning in 2024, the maximum section 179 expense deduction is $1,220,000.
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