What property qualifies for the Section 179 Expense Deduction?

Property eligible for the Section 179 Deduction is usually tangible personal property (usually equipment or office furniture) purchased for use in your business.

Certain depreciable property is NOT eligible for the Section 179 Expense Deduction. This includes:
  • Real property (Land and the building on the land)
  • Air conditioning and heating units
  • Furnishings and rental lodging
You are not able to take the Section 179 Expense Deduction on property purchased before 2014. This is true even if 2014 is the first year you used the property for business purposes. For example, if you purchase a computer in 2013 for personal use, but then converted it to a business use computer in 2014, no Section 179 Expense Deduction is allowed.

Trusted Company

14 Million Returns Filed

As an authorized IRS e-file provider, FreeTaxUSA® has e-filed over 14 million returns!

Best Value

File your federal taxes for FREE.
Add a state return for only $12.95.
Get the best value online!

Fast Refund

Get the fastest refund possible!

FreeTaxUSA provides the fastest way to get your refund when you use IRS e-file and direct deposit.

100% Accuracy

Our site checks for errors or problems before you send your tax return to the IRS. We guarantee the calculations in our software will be 100% accurate.

© 2002-2015 FreeTaxUSA, a TaxHawk, Inc. owned and operated website - Terms of Use