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Level 1
April 16, 2026
Question

What is a section 179?

  • April 16, 2026
  • 1 reply
  • 14 views
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Level 6
April 16, 2026

Section 179 is an election to expense certain qualifying fixed assets in full, rather than slowly take depreciation expense of their cost value year-after-year. For most taxpayers, electing 179 expense is a highly desirable option. 

 

It is subject to certain limits.

 

Learn more: TurboTax - What's a Section 179 deduction?

IRS Pub. 946 How To Depreciate Property, Electing Sec. 179

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