NEWS ALERT: SECTION 179 IS 1,000,000 FOR 2019
New Machinery Tax Incentives for Automotive Companies

Jan 4, 2019 - Section 179 is one million dollars for 2019, as stated in H.R.1, aka, The Tax Cuts and Jobs Act.The deduction limit for Section 179 is $1,000,000 for 2019 and beyond, while the limit on equipment purchases remains at $2.5 million.

Section 179 Deduction: Section 179 is squarely aimed at small to medium businesses that purchase anywhere from $5,000 to $2,500,000 worth of equipment. The full deduction can be claimed until that $2,500,000 number is reached. Once that happens, the deduction decreases on a dollar for dollar basis (when it disappears entirely once $3,500,000 worth of equipment is purchased.)

100% Bonus Depreciation and has been made retroactive to 9/27/2017. It is good through 2022. The bonus depreciation also now includes used equipment.

IMPORTANT THIS YEAR: Section 179 for Current 2019 Tax Year
Section 179 can provide you with significant tax relief for this 2019 tax year, but equipment and software must be financed and in place by midnight December 31, 2019.Use this 2019 Section 179 Calculator to see how much the Section 179 tax deduction can save your company.