The 2022 Section 179 deduction is $1,080,000 (that’s one million, eighty thousand dollars). A full 30k
jump from last year. This means your company can buy / lease / finance new or used equipment, and
write off the full cumulative purchase price on your 2022 taxes. This can result in big tax savings, and
really help your bottom line.
To use Section 179 for 2022, the equipment must be acquired and put into service by midnight
12/31/2022. To claim the deduction, simply use this Form 4562.