President Obama signs HR 5771 with expanded Section 179 limits for 2014


2014 Deduction Limit = $500,000. This is good on new and used equipment, as well as off-the-shelf software. This limit is only good for 2014, and the equipment must be financed/purchased and put into service by the end of the day, 12/31/2014. 2014 Limit on equipment purchases = $2,000,000. This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. Bonus Depreciation: 50%. This is taken after the $2million Section 179 cap is reached. Note: Bonus Depreciation is available for new equipment only. The above is an overall, “simplified” view of the Section 179 Deduction for 2014. For more details on limits and qualifying equipment, visit

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