Search results with tag "2021 publication 946"

2021 Publication 946 - IRS tax forms

ginning in 2021, the maximum section 179 expense de-duction is $1,050,000. This limit is reduced by the amount by which the cost of section 179 property placed in serv-ice during the tax year exceeds $2,620,000. Also, the maximum section 179 expense deduction for sport utility vehicles placed in service in tax years begin-ning in 2021 is $26,200.

  Form, 2012, Publication, Irs tax forms, 2021 publication 946