The 2020 Section 179 Deduction Limit for Businesses is $1,040,000
Don't forget! The deduction limit for 2020 has been raised to $1,040,000. This means U.S. companies can deduct the full price of qualified equipment purchases up to $1,040,000 with "total equipment purchase" limit of $2,590,000. The deduction includes both new and used qualified equipment. In addition, businesses can take advantage of 100% bonus depreciation on both new...