Depreciation and Section 179 Expense

Increased Section 179 Limits.The maximum section 179 deduction you can elect for property you placed in service in 2006 is increased to $108,000 for qualified section 179 property. This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $430,000.

More information.Publication 946, How to Depreciate Property , has more information on these rules.