section 179 depreciation

section 179 depreciation

4 Small Business Taxes Tactics for Section 179 Depreciation

Section 179 lets small businesses expense up to $1.24 million of qualifying equipment in the year of purchase, instantly lowering taxable income. By applying the deduction when the asset is placed in service, owners can preserve cash flow for operations and growth. The 2026 Section 179 limit is $1.