Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Wealthy Families Use Section 179 Deductions for Asset Purchases
In this episode of The High Net Worth Podcast, Lucas and Luna explore Section 179 of the Internal Revenue Code, a powerful tax deduction that allows wealthy families to immediately expense up to $1.16 million in qualifying asset purchases — from heavy machinery to off-the-shelf software. The hosts walk through a real-world example: a family-owned manufacturing business in Ohio that used Section 179 to write off nearly $900,000 in new CNC equipment in 2025, reducing their taxable income by 37 percent. They compare Section 179 to bonus depreciation, explain the net income limitation, and…
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