Section 179 Vehicle Deduction 2024 . In 2024 (taxes filed in 2025), the section 179 deduction is $1,220,000. All you need to do is input the details of the equipment, select your tax.
Section 179 eligibility requires the vehicle to be used 50% or more for business. 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.
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