The §179 immediate expensing election phases out based upon the amount of tangible personal property a taxpayer places in service during the year.

Name: The §179 immediate expensing election phases out based upon the amount of tangible personal property a taxpayer places in service during the year.
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The §179 immediate expensing election does have a phase-out based on the amount of tangible personal property placed in service during the year. The phase-out threshold for 2021 is $2,620,000.

The §179 Immediate Expensing Election Phases Out Based Upon the Amount