Section 179 Tax Deduction Limits for year 2019

The Section 179 Deduction is now $1,000,000 for 2019. This means businesses can deduct the full cost of equipment from their 2019 taxes, up to $1,000,000, with a “total equipment purchased for the year” threshold of $2,500,000. This is a great deduction and you should take advantage of it for your 2019 taxes.


A True Small and Medium Businesses Tax Break

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.)

This makes it a very effective tax deduction for small and medium businesses.

Please consult your tax professional before making an investment based solely on Section 179.