Section 179 income limitation

  • Creator
    Topic
  • #188795
    jft
    Participant

    Does anyone here know income limitation for Section 179? Thanks

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  • #609918
    leglock
    Participant

    I used becker and what we were reqd to know is that for 2014, the maxium amount of the deduction is 25,000 and a phaseout begins if equipment placed in service exceeds 200,000.

    #609919
    Anonymous
    Inactive

    Wait, i thought the $ for $ phase out starts when the equipment cost is more than 2 million !

    #609920
    Anonymous
    Inactive

    Cuj, in 2013,, I believe it was 2 million. Now its only $25,000 with a phase out of $200,000

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