2017 Deduction Limit = $500,000
This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for the tax year 2017, the equipment must be financed/purchased and put into service before the end of the day on December 31, 2017.
2017 Spending Cap on equipment purchases = $2,000,000
This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true “small business tax incentive” (because larger businesses that spend more than $2.5 million on equipment won’t get the deduction.)
You can use the section 179 calculator here to see your savings: http://www.section179.org/section_179_calculator.php