Businesses should act quickly if they want to maximize their Sec. 179 expense deduction for the 2025 tax year. To qualify, the eligible property must be placed in service, fully ready and available for business use, by December 31, 2025. For 2025, you can expense up to $2.5 million of eligible assets, with the deduction phasing out once total asset acquisitions for the year exceed $4 million. Looking ahead, the 2026 limits increase to $2.56 million and $4.09 million, respectively. If you’re considering major equipment or technology purchases, now could be a great time to make them. Contact us for guidance.
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