The deduction limit for Section 179 is now $500,000
The 2016 Section 179 Deduction threshold for total amount of equipment that can be purchased is now $2,000,000
Most new and used equipment, as well as some software, qualify for the Section 179 Deduction
50% bonus depreciation has been reinstated for the tax year 2016 and extended through 2019.
You can deduct an additional 50% of the amount over $500,000 in addition to your standard depreciation deduction. This applies to equipment acquired and put into service during 2016 and 2017. Then bonus depreciation will phase down to 40% in 2018 and 30% in 2019.