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what is the maximum Section 179 deduction for tax year 2019

what is the maximum Section 179 deduction for tax year 2019

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Section 179 of the IRS tax code allows business entity to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.

Which means that if business entity has  buy (or lease) a piece of qualifying equipment, it can deduct the Full Purchase Price from their gross income.

Maximum Limit For 2019:

Deduction Limit $10,00,000
Spending Cap On Equipment Purchase $25,00,000
Bonus Depreciation Limit 100%
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