Section 179 Deduction

A taxpayer can expense certain property placed in service like equipment, furniture, and autos if they are used more than 50% in a trade or business. The property also has to be purchased from an unrelated party. Most rental property, buildings and their structural components, and  investment property do not qualify. The maximum deduction for 2015 is now $25,000. Congress may increase the maximum back to $500,000 before the end of the year like it did for 2014, but you can't count on it.