Depreciation - 179 deduction limitation

Self-employed individuals and other small businesses will be entitled to immediately write off up to $500,000 of business equipment purchases in 2016 without having to depreciate the costs over a period of years. The amount of the 179 deduction is reduced by the cost amount in excess of $500,000 dollars.

Need Professional Help?

If you need help with "Depreciation" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.