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Income Tax Planning
Chapter 10: Basis Rules, Depreciation, and Asset Categorization/SECTION 179 PHASEOUT
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Chapter 10: Basis Rules, Depreciation, and Asset Categorization

SECTION 179 PHASEOUT

01.Core Concepts

• Expense election is phased out • On a dollar-for-dollar basis • For depreciable property placed in service in excess of $4,090,000 (2026). • Special rule for vehicles: • Over 6,000 pounds, less than 14,000 pounds • Section 179 deduction limited to $32,000 (2026)