Section 179 Tax Deduction Limits For Year 2019 

The Section 179 Deduction is now $1,000,000 for 2019. This means business can deduct the full cost of equipment from their 2019 taxes, up to $1,000,000 with a "Total equipment purchase for the year" threshold of $2,500,000. This is a great deduction and you should take advantage of it for your 2019 taxes. A true small and medium business tax break 

Section 179 is squarely aimed at small to medium businesses that purchase anywhere from $5,000 to $2,500,000 worth of equipment. The full deduction can be claimed until that $2,500,000 number is reached. Once that happens, the deduction decreases on a dollar for dollar basis ( when it disappears entirely once $3,000,000 worth of equipment is purchased) 

 This is an excellent and very effective tax deduction for small and medium businesses. Please consult your tax professional before making an investment based solely on Section 179 For more information 

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