2024 Section 179 Limits Vehicles. 1 in 2024, bonus depreciation is 60% for equipment. Find out the depreciation limits for each year and important tax benefits.
For vehicles under 6,000 pounds in the tax year 2023, section 179 allows for a maximum deduction of $12,200 and bonus depreciation allows for a maximum of $8,000, for a. Maximum deduction limits for vehicles.