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Section 179 in Previous Years

Home / Section 179 in Previous Years

Section 179 Information For Previous Years

This page contains information on previous year’s limits on Section 179, a Section 179 calculator for that year, and also a brief recap of the “Section 179 story” for that year as well. Simply click the link for the year you wish to view for information on.

Section 179 in 2022

The Section 179 tax deduction was $1,080,000 for 2022. The bonus depreciation was 100% as well. Click on the above link for an updated 2022 Section 179 Calculator.

Section 179 in 2021

The Section 179 tax deduction was $1,050,000 for 2021. The bonus depreciation was 100% as well. Click on the above link for an updated 2021 Section 179 Calculator.

Section 179 in 2020

The Section 179 tax deduction was $1,040,000 for 2020. The bonus depreciation was 100% as well. Click on the above link for an updated 2020 Section 179 Calculator.

Section 179 in 2019

The Section 179 tax deduction was $1,000,000 for 2019. The bonus depreciation was 100% as well. Click on the above link for an updated 2019 Section 179 Calculator.

Section 179 in 2018

The Section 179 tax deduction was $1,000,000 for the entirety of 2018. The bonus depreciation was 100%. Click on the above link for an updated 2018 Section 179 Calculator.

Section 179 in 2017

The Section 179 tax deduction was $500,000 for the entirety of 2017. The bonus depreciation was 50% until 9/27, when it was raised to 100%. Click on the above link for an updated 2017 Section 179 Calculator.

Section 179 in 2016

Tax year 2016 was the first full year affected by the PATH Act. This act, passed in late 2015, raised Section 179 to $500,000, and also made it permanent. Click on the above link for a Section 179 calculator for 2016.

Section 179 in 2015

Section 179 had a limit of $500,000 in 2015. Click the link above for more information and a 2015 Section 179 Calculator.

Section 179 in 2014

Section 179 had a limit of $500,000 in 2014. Click the link above for more information and a 2014 Section 179 Calculator.

Section 179 in 2013

Section 179 had a limit of $500,000 in 2013. Click the link above for more information and a 2013 Section 179 Calculator.

Section 179 in 2012

Section 179 had a limit of $500,000 in 2012. Click the link above for more information and a 2012 Section 179 Calculator.

Section 179 in 2011

Section 179 had a limit of $500,000 in 2011. Click the link above for more information and a 2011 Section 179 Calculator.

Section 179 in 2010

Section 179 had a limit of $500,000 in 2010. Click the link above for more information and a 2010 Section 179 Calculator

Section 179 in 2009

Section 179 had a limit of $250,000 in 2009. Click the link above for more information and a 2009 Section 179 Calculator.

Section 179 in 2008

Section 179 had a limit of $250,000 in 2008. Click the link above for more information and a 2008 Section 179 Calculator.

  ABOUT THIS SITE

This website was designed to answer your questions regarding the Section 179 Tax Deduction, and to explain the impact the various Stimulus Acts have had on Section 179. The information on this site will clearly explain the Section 179 Deduction in plain terms; will go over what property qualifies under Section 179 for the deduction; and will explore the myriad of ways the Section 179 deduction can impact your bottom line. In addition, there are IRS tax forms and also tools for you to use, such as the free Section 179 Deduction Calculator currently updated for the 2023 tax year.    

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ARCHIVED REFERENCES

  • Overview of Depreciation
  • Economic Stimulus Act of 2008
  • American Recovery & Reinvestment Act of 2009
  • HIRE Act of 2010
  • Small Business Jobs Act of 2010
  • Tax Relief Act of 2010

SECTION 179 DEADLINE

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Section179.Org Section179.Org
  • Section179 Explained
    • Section179 Current Year
    • Qualifying Property
    • Non-Qualifying Property
    • Vehicles and Section 179
    • Software and Section 179
    • Electing the Deduction
    • Section179 Simplified
    • Section 179 Amendments
    • Previous Years
    • Section179 FAQs
  • Section179 Calculator
  • Qualified Financing
  • Equipment Sellers
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