Page 21 - 2020 Taxes Quick Guide
P. 21
Section 179 and Bonus Depreciation
Sec. 179
expense deduction:
$1,040,000 with a
phaseout threshold of
$2,590,000
Sec. 168(k)
bonus depreciation:
100% of adjusted
basis of qualifying
property in the first
year it is placed in
service (for property
placed in service after
Sept. 27, 2017)
