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How do the expensing phase-out limits work?

April 26, 2017expensing limits phase-out

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How do the expensing phase-out limits work?

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The general tax rule is that for each $1 of Section 179 property greater than $200,000 placed in service in a tax year, the expensing allowance is reduced by $1. However, for each $1 of QRP greater than $200,000 in a tax year, the expensed amount is reduced by 50.