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Tax and Financial Insights
‍by NR CPAs & Business Advisors

Explore practical articles that explain tax strategies, financial considerations, and important topics that may affect your business decisions.
Author:
Nischay Rawal
Published:
09/03/26

Is Section 179 Going Away in 2026 and How Is It Calculated?

No, Section 179 is not going away. It is permanent, and the 2026 limit is $2,560,000 with the phase-out beginning at $4,090,000. Bonus depreciation nearly expired.

Author:
Nischay Rawal
Published:
09/03/26

Can You Take Section 179 on Used Equipment and When Does It Apply?

Used equipment qualifies for Section 179 if it is new to your business, bought from an unrelated party, used over 50% for business, and placed in service that year.

Author:
Nischay Rawal
Published:
09/03/26

How Long Do You Have to Keep a Vehicle Under Section 179?

A Section 179 vehicle must stay above 50% business use for its full five-year recovery period. Dropping below that or selling early triggers recapture as income.

Author:
Nischay Rawal
Published:
09/03/26

Does Toyota Sienna Qualify for Section 179?

A Toyota Sienna qualifies for Section 179 with a GVWR above 6,000 pounds and over 50% business use: up to $32,000 of Section 179 plus 100% bonus on the rest.

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