The § 179 deduction can exceed $500,000 in 2016 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 2016 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 2016 was $500,000, and it could not exceed this amount regardless of prior year limitations.

The § 179 Deduction Can Exceed $500,000 in 2016 If