Transcription of The Section 179 and Section 168(k) Expensing Allowances ...
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The Section 179 and Section 168(k) Expensing Allowances ...
The Section 179 and Section 168(k) Expensing Allowances : Current Law and Economic Effects Gary Guenther Analyst in Public Finance May 1, 2018 Congressional Research Service 7-5700 RL31852 Section 179 and bonus Depreciation Expensing Allowances Congressional Research Service Summary Expensing is the most accelerated form of depreciation. Section 179 of the Internal Revenue Code allows a taxpayer to expense (or deduct as a current rather than a capital expense) up to $1 million of the total cost of new and used qualified depreciable assets it buys and places in service in 2018 , within certain limits.
Section 179 and Bonus Depreciation Expensing Allowances Congressional Research Service 3 2007 $125,000 $500,000 2008 and 2009 $250,000 $800,000 2010 to 2017 $500,000a $2,000,000 2018 and thereafter $1,000,000 $2,500,000 Source: Internal Revenue Service revenue procedures dating back to 1987. a.
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