President Signs Jobs Bill Extending Section 179 Expensing Again

The 2008 Economic Stimulus Act increased Section 179 expensing from $128,000 to $250,000, and increased from $250,000 to $800,000 the threshold after which it is phased out. The American Recovery and Reinvestment Act stimulus legislation of 2009 extended the temporary increases of the 2008 legislation through 2009.