2026 Depreciation Updates — Section 179, Bonus Depreciation & MACRS Classes

Most tax preparers skip depreciation entirely and not because their clients don't have depreciable assets, but because the tax preparer doesn't fully understand how it works. Business owners are sitting on vehicles, equipment, and property that could be slashing their tax bill, and their preparer either doesn't bring it up or calculates it wrong, and that's crazy business. That's not just a missed deduction, that's a client who overpaid because you lack the knowledge.

With the OBBBA reinstating 100% bonus depreciation and the Section 179 limit at $2,560,000 for 2026, the stakes are even higher than ever.

Stop second-guessing depreciation rules. This reference sheet gives tax preparers everything they need to handle asset depreciation correctly for tax year 2026 — including the major updates from the One Big Beautiful Bill Act (OBBBA).

What's covered:

• Section 179 maximum deduction ($2,560,000) and phase-out thresholds for 2026
• Bonus depreciation — 100% permanent under OBBBA
• Full MACRS recovery class reference table (3-year through 39-year property)
• Passenger vehicle luxury limits under Section 280F with and without bonus depreciation
• Heavy SUV cap ($32,000) and truck/van rules
• Qualified Improvement Property (QIP) — 15-year, 100% bonus eligible
• Section 179 vs. bonus depreciation strategy notes
• State conformity warning and documentation requirements

Perfect for: tax preparers, enrolled agents, CPAs, Schedule C filers, business tax returns, asset depreciation training, Section 179 reference, bonus depreciation 2026, MACRS classes, OBBBA tax updates, tax law reference sheet.

File format: PDF Tax Year: 2026 Source: Rev. Proc. 2025-32; P.L. 119-21 (OBBBA) Provider: Tax IQ Academy | taxiqacademy.com