Section 179 income limitation

This topic has 3 replies, 4 voices, and was last updated 10 years, 5 months ago by Anonymous.

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September 20, 2014 at 1:42 pm #188795

jft
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Does anyone here know income limitation for Section 179? Thanks

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September 20, 2014 at 2:02 pm #609918

leglock
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I used becker and what we were reqd to know is that for 2014, the maxium amount of the deduction is 25,000 and a phaseout begins if equipment placed in service exceeds 200,000.

September 22, 2014 at 10:29 pm #609919

Anonymous
Inactive

Wait, i thought the $ for $ phase out starts when the equipment cost is more than 2 million !

September 22, 2014 at 10:53 pm #609920

Anonymous
Inactive

Cuj, in 2013,, I believe it was 2 million. Now its only $25,000 with a phase out of $200,000
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