Equipment Purchase in 2022

[sstterry]

If you are thinking about a large equipment purchase, this will be the last year to use a 100% section 179 deduction. After this year, it starts phasing out. I wish @NonTypicalCPA was still active here.

https://www.agdirect.com/resources/...'re considering an,up $70,000 in cash savings.

 

[GoWyo]

I read the article as saying the bonus depreciation available after 179 is maxed out is what is phasing out. Section 179 keeps increasing, but has limitations such as being limited to your business net income (then you can carry forward the unused depreciation).