Section 179: What’s New In 2013
Welcome to Section179.info! We’re your constantly updated guide to Section 179 resources and news.
Section 179 has returned to its highest levels in years thanks to the passage of H.R.8, the American Taxpayer Relief Act of 2012. This bill was passed as part of the Congressional effort to avoid the heavy cuts associated with the so-called fiscal cliff.
Section 179 limits in 2013:
2013 Limit for deductions: $500,000
2013 Limit for capital purchases: $2,000,000
2013 Bonus depreciation: 50%
All limits are effective until the end of the 2013 calendar year. At this time, pending legislation makes the 2014 limits uncertain. Please check back here for continual updates.