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Article Date:
June 2010

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What Can I Deduct for Section 179 Expensing?

You face two limits on your 2010 Section 179 expensing:



The aggregate statutory limit of $250,000 reduced dollar for dollar for the cost of property that exceeds $800,0001


The business income limit


The statutory limit is clear. If you place in service more than $800,000 of qualifying Section 179 property, you must reduce the $250,000 by each excess dollar.


Example. You place in service $900,000 of qualifying Section 179 property during the year. Your Section 179 expensing limit is $150,000 ($250,000 minus $100,000—this $100,000 ... Log in to view full article.

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