# Section 179 expensing

> Section 179 expensing — An election to deduct the cost of qualifying equipment and software in the year it is placed in service — up to $2,560,000 for 2026, phased out dollar for dollar above $4,090,000 of purchases, and limited to taxable business income.

Source: https://lopifi.com/glossary/section-179-expensing
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is section 179 expensing?** In accounting, section 179 expensing means an election to deduct the cost of qualifying equipment and software in the year it is placed in service — up to $2,560,000 for 2026, phased out dollar for dollar above $4,090,000 of purchases, and limited to taxable business income.

## Also known as

- Section 179

## Words this system refuses for it

- bonus depreciation
- write-off

- **Category:** Tax
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)