This Act permanently raises the Section 179 limit to $500,000. Use the Section 179 Calculator to see how much the tax deduction can save your company.
This Act also extends 50% Bonus Depreciation through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017.
After 2017, bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.
Talk with your tax adviser to make sure you maximize tax benefits.