TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

user17746363675

Level 1

Question

Section 179

1 reply
49 views

How do we edit the large number in Line 8 to be the maximum deduction of $25000?

TurboTax Business Windows

Level 15

The maximum for 2025 is $2.5 million, not $25K, limited to the lower of business income and cost of assets selected. so we need to know what the asset is, its cost, and where you entered it. However, a taxpayer in the asset entry section can enter a 179 deduction that is less than the maximum allowed for the asset.

Mike9241