Can I take less than the maximum section 179 deduction?
Recently a reader asked if small business owners electing to take advantage of section 179 would have to take the maximum deduction or could choose to just take a portion.
Small business owners do not have to take the maximum deduction allowed by section 179.
That said, they can only take advantage of section 179 in the year they purchased the eligible equipment / property. (So they can’t do half in the year they purchased and then half the following year, for example.)
If they choose not to take the maximum deduction allowed by section 179, the remaining basis depreciates like normal.
More information can be found with the IRS. We recommend consulting your CPA or tax professional prior to making any tax decisions.