The § 179 deduction can exceed $500,000 in 2015 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.

Name: The § 179 deduction can exceed $500,000 in 2015 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.
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The § 179 deduction limit for 2015 was $25,000, not $500,000. The limit can be increased by carryover amounts from prior years, but it cannot exceed the statutory limit for the year.

The § 179 Deduction Can Exceed $500,000 in 2015 If