Section 179 Vehicles 2024 India. Under section 179, vehicles over 6,000 pounds that are used for business purposes can be fully deducted in the year they are placed in service, up to the. The section 179 vehicle list for 2024 features a diverse range of options, from luxury vehicles to big trucks and cargo vans.

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. Not only do they elevate your company’s image, but they also qualify for significant tax benefits under section 179.