Annual Tax Updates

Section 179 Limits - Depreciating Assets

Home

Client Services

Tax Need to Know Info

Tax Forms Center

Web Links

Contact Us

Section 179 Limits
Expensing Depreciable Assets


Back


2011

The maximum section 179 deduction you can elect for property you placed in service in 2011 is $500k (up from $250k previously) for qualified section 179 property.  This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $2 Million Dollars (up from $800k previously)


For more information on these rules please visit www.irs.gov  “How to Depreciate Property”, or contact us.


 
Back




Drouin Associates, LLC
197 Loudon Road, Suite 210
Concord, NH 03301
Tel (603) 225-9400 Fax (866) 688-6727