26 U. S. Code § 179 - Election to expense certain depreciable business . . . A taxpayer may elect to treat the cost of any section 179 property as an expense which is not chargeable to capital account Any cost so treated shall be allowed as a deduction for the taxable year in which the section 179 property is placed in service
Section 179 Deduction: Rules in 2025 and 2026 - NerdWallet What is the Section 179 deduction? The Section 179 deduction is a tax deduction for the purchase of certain business assets The deduction can help lower a business’s taxable income in the year
2026 Section 179 Deduction: Limits, Phase-Outs Examples Use Section 179 to expense qualifying business equipment and software in the year it’s placed in service This guide covers the 2026 rules (tax years beginning in 2026), including current dollar limits, phase-outs, vehicle caps, and how Section 179 can be combined with bonus depreciation
A Refresher on the Section 179 Deduction - Wiss Understand how Section 179 applies to equipment and building improvements, plus key limits, eligibility rules, and how it compares to bonus depreciation
Section 179 Deduction Limits 2026: Contractors $1. 25M Guide | Stephs . . . Section 179 allows contractors to deduct the full purchase price of qualifying equipment — up to $1,250,000 in 2026 — in the year it’s placed in service, instead of depreciating it over multiple years This includes trucks, heavy equipment, tools, and software Every trade contractor buys equipment — trucks, excavators, drain cameras, mowers, diagnostic tools The question isn’t