Under current law, bonus depreciation and section 179 expensing will be extended in 2012, but at a lower rate of 50-percent bonus depreciation and a lower amount of $125,000 for section 179 expensing with a $500,000 phase-out cap. In 2011, 100-percent bonus depreciation and a $500,000 amount for section 179 expensing is allowed with a phase-out cap of $2 million.
Letter to Congress Supporting Extension of Bonus Depreciation/Sec. 179 Extension
One Page Fact Sheet on Current Law Depreciation Incentives
IMTSedu Webinar: Using Tax Incentives to Your Advantage