For the year 2018, you can expense up to $1,000,000 in heavy vehicles and equipment. This also includes appliances and furniture purchased for hotels, rental property, commercial property roofs, air conditioners, and security systems.

Note: SUVs with less than 14,000 GVW are limited to $25,000 of Section 179 deduction. This SUV includes vehicles with less than 9-people seating capacity and a cargo area of less then 6 feet.

Depreciation for Luxury Vehicles has been increased beginning in 2018. (Does not include cabs, limo’s or other vehicles used for hire.)

Property Improvements

All qualified improvements to property can now be depreciated over 15 years. This includes improvements to the interior of a non-residential building. These properties also qualify for Section 179 depreciation.