Tax Reform Series 22 – Section 179 Expensing of Depreciable Assets

Plain Language of Changes:

  • Overall limit is increased to $1 million and the investment limit is increased to $2.5 million for tax years beginning in 2018
  • Limits are indexed for inflation
  • Allowed for qualified improvement property; and improvements to nonresidential real property for roofs; heating, ventilation & air conditioning property; fire protection and alarm systems; and security systems
  • Qualified improvement property is an improvement to an interior portion of a building that is nonresidential real property
  • Allows section 179 expensing on property used predominantly to furnish lodging or in connection with the furnishing of lodging
  • SUV limit remains at $25,000 but is indexed for inflation beginning in 2019

Detailed Analysis of Section 179 Expensing

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