[forever_studying96]

Does anyone know the two thresholds for the 179 deduction for both 2018 and 2019?

For 2018, I think it’s $1,000,000 with a dollar-for-dollar phaseout over 2,500,000, but I’m not sure what the new thresholds are for 2019. Thank you!

[Silent]

Simple Google will give you Section 179 Tax Deduction Limits for year 2019: The Section 179 Deduction is now $1,000,000 for 2019. This means businesses can deduct the full cost of equipment from their 2019 taxes, up to $1,000,000, with a “total equipment purchased for the year” threshold of $2,500,000

[bbangk]

I'm guessing Google hasn't been updated but the numbers for 2019 are $1,020,000 and reduce dollar for dollar amounts over $2,550,000

[Author]

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