{"id":174,"date":"2018-08-23T08:54:05","date_gmt":"2018-08-23T15:54:05","guid":{"rendered":"https:\/\/redhotlocalmarketing.com\/gayle\/?p=174"},"modified":"2019-07-17T09:06:32","modified_gmt":"2019-07-17T16:06:32","slug":"section-179-deduction-limits-did-you-know","status":"publish","type":"post","link":"https:\/\/reddingbookkeeping.com\/section-179-deduction-limits-did-you-know\/","title":{"rendered":"Section 179 Deduction Limits &#8211; Did You Know?"},"content":{"rendered":"<p>If you are a business owner, the new tax law not only retained the section 179 deduction for certain types of equipment and other business purchases, but the limit was also expanded to $1 million for 2018. This rule allows the amount of these purchases to be expensed right away versus depreciated over a number of years. This can be a significant tax benefit for a company.<\/p>\n<p>In order to qualify, the equipment or software purchase must be used for business use more than 50% of the time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are a business owner, the new tax law not only retained the section 179 deduction for certain types of equipment and other business purchases, but the limit was also expanded to $1 million for 2018. This rule allows the amount of these purchases to be expensed right away versus depreciated over a number [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 179 Deduction Limits - Did You Know? - Gayle&#039;s Full Service Tax and Bookkeeping<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reddingbookkeeping.com\/section-179-deduction-limits-did-you-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Section 179 Deduction Limits - Did You Know? - Gayle&#039;s Full Service Tax and Bookkeeping\" \/>\n<meta property=\"og:description\" content=\"If you are a business owner, the new tax law not only retained the section 179 deduction for certain types of equipment and other business purchases, but the limit was also expanded to $1 million for 2018. 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