IRS News - New Rules and Limitations for Depreciation and Expensing

21 Apr 2018 8:54 AM | Anonymous

The Tax Cuts and Jobs Act, signed Dec. 22, 2017, changed some laws regarding depreciation deductions. For example, the new law increases the maximum deduction for a section 179 property deduction from $500,000 to $1 million. It also increases the phase-out threshold from $2 million to $2.5 million. Read the depreciation and expensing fact sheet for more.

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