The Economic Times

Small business owners can now write off $2.56 million in purchases in 2026, and this deduction is the one everyone is talking about now

Small business owners have a major tax break to consider in 2026. Businesses can immediately expense up to $2.56 million in qualifying purchases under Section 179, up from $1.25 million in 2025. The deduction starts to phase out when total qualifying purchases go above $4.09 million.