Tag Archive: section 179 for 2017

2017 Section 179 deduction

Written by February 1, 2017

In 2017, businesses can expense up to $510,000 of qualified new or used business equipment purchases, with a $2,030,000 annual purchase limit. In addition, new equipment purchased in 2017 may qualify for 50% bonus depreciation. This rate drops to 40% in 2018, so plan your purchasing accordingly.   Feel free to contact the office for further information.