Maximum Section 179 Deduction For 2024. However, these autos are eligible for 100% bonus depreciation. The maximum deductible amount begins to decrease if more than $3,050,000 worth of property is placed in.
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. In 2024, this limit is expected to be $1,080,000, subject to an investment limitation of $2,620,000.