Section 179 Vehicles 2024. Section 179 and bonus depreciation provide. Section 179 vehicles for 2024.
The irs section 179 deduction lets business owners deduct the full amount of the cost of qualifying new and used machinery, furniture, vehicles, and certain improvement property up to $1,220,000 in 2024. Generally, the maximum section 179 expense deduction is $1,160,000 for section 179 property (including qualified section 179 real property) placed in service during the tax.