In the recent release of Sage Fixed Assets 2026.1, new tax updates and enhancements were introduced. Here's a summary of what you can expect:
Tax Updates
These important tax compliance updates apply to all Sage Fixed Assets Depreciation products.
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The maximum Section 179 deduction increased $60,000 to $2,560,000 for tax years beginning in 2026. You can use the Audit Advisor or the Tax Expense report to check how much Section 179 you have claimed across all assets in a tax year.
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The Section 179 threshold amount is $4,090,000 for assets placed in service in tax years beginning in 2026. This is an increase of $90,000 over the 2025 threshold.
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The maximum Section 179 deduction for Sports Utility Vehicles (SUVs) increased $700 to $32,000 for tax years beginning in 2026.
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The annual depreciation caps for Automobiles (property type A) and Light Trucks and Vans (property type T) placed in service during 2026 have increased compared to the 2025 depreciation caps.
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IRS Form 4562–Depreciation and Amortization supports both the 2024 and 2025 tax years. Non-calendar-year companies can update to this release to get the latest tax compliance and features, while still running a fileable form for 2024.
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The Audit Advisor has been updated to validate your assets for tax years beginning in 2026. The Audit Advisor quickly checks for common U.S. tax compliance issues. It is accessed from the Depreciation Menu.
New Assistance Center
The Assistance Center has been refreshed to make it easier to get help, training, and AI-powered answers in one place. This update streamlines navigation, highlights important resources, and provides quick access to SFA Ally, our AI chatbot.
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AI-Powered Support with SFA Ally: Type your question in the What can we help you with today? box and select "Ask Ally." Generative AI interprets your intent, then returns a concise answer with links to relevant Sage Fixed Assets content.
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Faster Keyword Search in Help: Enter a word or phrase in the "What can we help you with today?" box and select "Search Help" to open the traditional help system with a list of topics matching your keywords, so you can quickly browse detailed documentation.
Asset List Checkboxes
The Asset List now features checkboxes, allowing for easy selection of multiple assets. Users can select individual assets by choosing the checkbox in each row or select all assets at once using the header checkbox. The presence of a checkmark in a box clearly indicates which assets are currently selected.
50-year Estimated Life for MACRS Real Property
The system now offers a 50-year Estimated Life option for real property using the MF100 depreciation method. Assets with this method and life are reported on line 19h, 50-year property, on Form 4562, starting with the 2025 form.
This enhancement aligns with the 2025 Form 4562 update by enabling accurate classification and reporting of 50-year property—such as railroad grading and tunnel bores under section 168(e)(4)—on line 19h.
To view the full release notes, click here »
