Section 179 Bonus Depreciation 2024 Date . 27, 2017, and before jan. 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.
Placed in service requirement โข cost recovery begins on the date an asset is placed in service. 179 deduction for tax years beginning in 2024 is $1.22 million.
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