Increased dollar limitations for expensing of certain depreciable business assets

(a) In general Section 179(b) is amended— (1) in paragraph (1), by striking $1,000,000 and inserting $2,500,000, and (2) in paragraph (2), by striking $2,500,000 and inserting $4,000,000. (b) Conforming amendments Section 179(b)(6)(A) is amended— (1) by inserting (2025 in the case of the dollar amounts in paragraphs (1) and (2)) after In the case of any taxable year beginning after 2018, and (2) in clause (ii), by striking determined by substituting calendar year 2017 for calendar year 2016 in subparagraph (A)(ii) thereof. and inserting determined by substituting in subparagraph (A)(ii) thereof— (I) in the case of amounts in paragraphs (1) and (2), calendar year 2024 for calendar year 2016, and (II) in the case of the amount in paragraph (5)(A), calendar year 2017 for calendar year 2016.. (c) Effective date The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2024.

(a) In general Section 179(b) is amended— (1) in paragraph (1), by striking $1,000,000 and inserting $2,500,000, and (2) in paragraph (2), by striking $2,500,000 and inserting $4,000,000. (b) Conforming amendments Section 179(b)(6)(A) is amended— (1) by inserting (2025 in the case of the dollar amounts in paragraphs (1) and (2)) after In the case of any taxable year beginning after 2018, and (2) in clause (ii), by striking determined by substituting calendar year 2017 for calendar year 2016 in subparagraph (A)(ii) thereof. and inserting "determined by substituting in subparagraph (A)(ii) thereof— (I) in the case of amounts in paragraphs (1) and (2), calendar year 2024 for calendar year 2016, and (II) in the case of the amount in paragraph (5)(A), calendar year 2017 for calendar year 2016.. (c) Effective date The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2024.