What Is Bonus Depreciation 2024 For Cars. 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. Bonus depreciation is limited to 60% in 2024.
Differences between section 179 and bonus depreciation. Applies to both new and used business equipment, including certain vehicles.
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