The National Directory of Certified Public Accountants

Ask A CPA - Depreciation

Depreciation - 179 Deduction Limitation

Self-employed individuals and other small businesses will be entitled to immediately write off up to $500,000 of business equipment purchases in 2016 without having to depreciate the costs over a period of years. The amount of the 179 deduction is reduced by the cost amount in excess of $500,000 dollars.

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