This page contains information on previous year’s limits on Section 179, a Section 179 calculator for that year, and also a brief recap of the “Section 179 story” for that year as well. Simply click the link for the year you wish to view for information on.
The Section 179 tax deduction was $1,160,000 for 2023. The bonus depreciation was 80%. Click on the above link for an updated 2023 Section 179 Calculator.
The Section 179 tax deduction was $1,080,000 for 2022. The bonus depreciation was 100% as well. Click on the above link for an updated 2022 Section 179 Calculator.
The Section 179 tax deduction was $1,050,000 for 2021. The bonus depreciation was 100% as well. Click on the above link for an updated 2021 Section 179 Calculator.
The Section 179 tax deduction was $1,040,000 for 2020. The bonus depreciation was 100% as well. Click on the above link for an updated 2020 Section 179 Calculator.
The Section 179 tax deduction was $1,000,000 for 2019. The bonus depreciation was 100% as well. Click on the above link for an updated 2019 Section 179 Calculator.
The Section 179 tax deduction was $1,000,000 for the entirety of 2018. The bonus depreciation was 100%. Click on the above link for an updated 2018 Section 179 Calculator.
The Section 179 tax deduction was $500,000 for the entirety of 2017. The bonus depreciation was 50% until 9/27, when it was raised to 100%. Click on the above link for an updated 2017 Section 179 Calculator.
Tax year 2016 was the first full year affected by the PATH Act. This act, passed in late 2015, raised Section 179 to $500,000, and also made it permanent. Click on the above link for a Section 179 calculator for 2016.
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