Section 179 2024 Car. For tax years beginning in 2024, the maximum section 179 expense deduction is $1,220,000. 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.
In 2024, there are various types of vehicles that. For the 2024 tax year, the maximum deduction limit under section 179 is $1,160,000.