Increased Section 179 deduction to $1,000,000 (up from $520,000 in 2017). The new phaseout amount is $2,500,000
Personal property (Appliances and Furniture) on rental property is now eligible for Section 179 deduction
Specific improvements to non-residential real property after said non-residential property was placed in service are now eligible for deduction. This means replacement items are now eligible for Section 179 deduction but not the initial items. Specific improvements include Roofs; HVAC systems or parts thereof; Fire protection and alarm systems; and Security systems
Qualified Improvement Property (QIP) is eligible for Section 179 treatment. QIP replaces what was formerly known as Qualified Leasehold Improvement Property, Qualified Retail Improvement Property, and Qualified Restaurant Property. QIP is any improvement to an interior portion of a building which is non-residential real property if the improvement is placed in service after the date such building was first placed in service. Please note that some improvements are excluded from QIP eligibility and they are enlargement of the building, elevator or escalator improvement or replacement, or interior structural framework.