Section 179 expensing headroom, 2024
This works out one number from the Section 179 Deduction Limit figures published for 2024. Every amount it uses is below, with the document it was read from. What you enter is your own: this site has no way to check it, and the answer it produces is not a published figure.
Effective 2024-01-01Source: Rev. Proc. 2023-34 (IRS)Verified 2026-08-29
How it is worked out
The published amount less the amount you enter, rounded to the nearest cent. Where what you enter is the larger of the two, the answer is nothing rather than a negative amount.
It uses Maximum section 179 expensing deduction, $1,220,000, the only one this year publishes.
Figures in this colour are computed from the amounts above. They are not published figures and no document states them.
Work it out
The live calculator needs JavaScript. The table below covers common amounts and is computed the same way.
Worked out for common amounts
| Expensed so far this year | Result |
|---|---|
| 0 | $1,220,000 |
| 100,000 | $1,120,000 |
| 500,000 | $720,000 |
| 1,000,000 | $220,000 |
How each figure was verified
Each number below was read from a stored copy of the document named beside it, and checked to occur word for word in the quoted sentence. The digest is of that stored text.
Rev. Proc. 2023-34 (IRS)
- Maximum section 179 expensing deduction
Election to Expense Certain Depreciable Assets. For taxable years beginning in 2024, under § 179(b)(1), the aggregate cost of any § 179 property that a taxpayer elects to treat as an expense cannot exceed $1,220,000
Every 2024 Section 179 Deduction Limit figure · Section 179 Deduction Limit in every year · Every calculator on this site