Reduce your taxable income even more in 2019, thanks to an increase in the deduction limit for Section 179. Now you can deduct the full cost of qualifying new and used equipment purchases from your 2019 taxable income, up to $1,020,000. What's more, the cap on eligible purchases has been raised to $2,550,000. Don't forget: Bonus depreciation is 100%.
- Buy the new or used equipment you need and keep more dollars in your pocket
- Equipment must be placed in service before December 31, 2019
- Section 179 deduction limit is now permanent, so you can tax plan with confidence