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The Tax Relief Act of 2010 extended the temporary 50% first-year bonus depreciation to qualifying assets acquired during 2012 and increased the maximum 179 deduction for tax years beginning in 2012 to $125,000 ($139,000 adjusted for inflation). Without this change, it would have been only $25,000. So, for 2012, subject to certain rules and limitations, businesses can expense up to $139,000 of qualifying assets and then claim 50% first-year bonus depreciation and regular depreciation on the remaining cost. State Treatment of Federal Bonus Depreciation and Increased 179 Expensing Amounts for 2012