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Section 179 Deduction Limits – Historical Yearly Data
Historical Section 179 Deduction Limits & Tax Year Archive
Need to reference older Section 179 data? You’re in the right place. The chart below shows each tax year’s maximum Section 179 deduction limit and bonus depreciation percentage, along with a link to a year‐specific calculator or resource. While most businesses look to the current tax year for planning, accountants, tax professionals, and owners finalizing past returns may need these historical figures for accuracy.
Important Note: The information provided here is for reference and research purposes. Consult with a qualified tax professional regarding your specific situation and applicable regulations.
Historical Section 179 Deduction Limits & Bonus Depreciation Rates
| Tax Year | Maximum Section 179 Deduction | Bonus Depreciation | Calculator / Info |
|---|---|---|---|
| 2024 | $1,220,000 | 60% | 2024 Calculator |
| 2023 | $1,160,000 | 80% | 2023 Calculator |
| 2022 | $1,080,000 | 100% | 2022 Calculator |
| 2021 | $1,050,000 | 100% | 2021 Calculator |
| 2020 | $1,040,000 | 100% | 2020 Calculator |
| 2019 | $1,000,000 | 100% | 2019 Calculator |
| 2018 | $1,000,000 | 100% | 2018 Calculator |
| 2017 | $500,000 | 50% (100% after 9/27/17) | 2017 Calculator |
| 2016 | $500,000 | 50% | 2016 Calculator |
| 2015 | $500,000 | 50% | 2015 Calculator |
| 2014 | $500,000 | 50% | 2014 Calculator |
| 2013 | $500,000 | 50% | 2013 Calculator |
| 2012 | $500,000 | 50% | 2012 Calculator |
| 2011 | $500,000 | 50% | 2011 Calculator |
| 2010 | $500,000 | 50% | 2010 Calculator |
| 2009 | $500,000 | 50% | 2009 Calculator |
| 2008 | $500,000 | 50% | 2008 Calculator |
| 2007 | $500,000 | 50% | 2007 Calculator |
Additional Important Considerations
Key Requirements and Deadlines
Assets must be purchased and placed into service during the same tax year to qualify for Section 179 deduction. “Placed in service” means the property is ready and available for its intended use in your business – not just purchased or delivered.
Complex Tax Changes and Legislative Updates
Section 179 rules have undergone significant changes through various stimulus acts and legislative updates. Notable modifications include:
- Fluctuations in deduction limits
- Changes to bonus depreciation rates
- Updates to qualifying property types
- Special provisions during economic stimulus periods
Professional Guidance Recommended
Due to the complexity of Section 179 regulations and their frequent updates, consultation with a qualified tax professional is essential. They can help:
- Evaluate your specific eligibility under year-appropriate rules
- Review past purchases for qualification under historical guidelines
- Optimize asset acquisition timing across tax years
- Develop strategic tax planning approaches
- Ensure compliance with applicable year-specific regulations
For current Section 179 information, including detailed guides on vehicle deductions, bonus depreciation calculations, and property eligibility requirements, visit our main Section 179 Deduction resource page.
Disclaimer: This historical reference guide provides general information and does not constitute tax or legal advice. Always consult your tax professional for guidance specific to your situation and applicable tax years.