|
gptkbp:instanceOf
|
tax code provision
|
|
gptkbp:allows
|
immediate expense deduction
|
|
gptkbp:amendedBy
|
gptkb:American_Recovery_and_Reinvestment_Act_of_2009
gptkb:Small_Business_Jobs_Act_of_2010
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
|
gptkbp:appliesTo
|
gptkb:United_States_federal_law
business property
qualified real property
tangible personal property
|
|
gptkbp:codifiedIn
|
gptkb:26_U.S.C._§_179
|
|
gptkbp:dateEnacted
|
1958
|
|
gptkbp:deductionPhaseOutThreshold
|
$2,890,000 (2023)
|
|
gptkbp:excludes
|
gptkb:farmer
inventory
property acquired from related parties
property used outside the U.S.
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Section 179
|
|
gptkbp:IRSGuidance
|
gptkb:Publication_946
|
|
gptkbp:maximumLoanAmount
|
$1,160,000 (2023)
|
|
gptkbp:partOf
|
gptkb:Internal_Revenue_Code
|
|
gptkbp:relatedTo
|
bonus depreciation
|
|
gptkbp:requires
|
active use in trade or business
property placed in service during tax year
|
|
gptkbp:subject
|
recapture rules
taxable income limitation
|
|
gptkbp:taxStatus
|
gptkb:Form_4562
|
|
gptkbp:usedBy
|
small businesses
self-employed individuals
|
|
gptkbp:bfsParent
|
gptkb:Patent_Act
gptkb:Internal_Revenue_Code_of_1986
|
|
gptkbp:bfsLayer
|
6
|