The Section 179 tax deduction increased to $1 million. On top of that, first-year bonus depreciation is now 100%. This Section 179 infographic created by Balboa Capital has the information you need to know.

1. Deduct It.
Buy It
Lease It,
or
then
Your Guide to the Updated
Section 179 Tax Deduction
The Section 179 Tax
Deduction limit on
qualifying business
equipment. This is up
from $500,000 last year.
$2.5 MillionThe phase-out
threshold on qualifying
equipment purchases.
This is up from
$1 million last year.
First-year bonus
depreciation, which was
made retroactive to
9/27/17. This is up from
50% last year.
$1 Million
New Limits
For 2018
100%
Choose Equipment
for Your Business
Choose equipment, technology,
software, or vehicles based on
your company's needs, growth
goals, and budget.
1
How to Elect the
Section 179 Tax Deduction
Before purchasing or leasing any
equipment, call your accountant
to find out if it qualifies for the
Section 179 Tax Deduction.
Make Sure it Qualifies
for Section 1792
Purchase and Use
Your Equipment
Purchase or lease the equipment
and put it into service by December
31st of the calendar year.
3
Equipment that Qualifies
for Section 179
Qualifying equipment, also referred to as "qualifying
property," must be tangible and depreciable, and
acquired for business purposes. Common types include:
Business vehicles
Computers
Office equipment
Machinery equipment
Off-the-shelf software
Horticulture structures
Printing equipment
Testing equipment
Tractors/trailers
Manufacturing equipment
IRS Form 4562
This is the form used
to report a Section
179 Tax Deduction
This infographic was created by Balboa Capital,
a technology-driven financing company that
provides business owners with fast, hassle-free
solutions to fuel their growth and success.
Visit www.balboacapital.com today.