Tag: equipment

Use Section 179 Tax Deduction to Bonus Depreciate Equipment Purchases in 2022

Section 179 Tax 2022

News Alert: The 2022 Section 179 Deduction Limit for Businesses is $1,080,000 Jan 4, 2022 – The Section 179 deduction for 2022 is $1,080,000 (up from $1,050,000 in 2021). This means U.S. companies can deduct the full price of qualified equipment purchases, up to $1,080,000, with a “total equipment purchase” limit of $2.7 million (up from… Read more »