Section 179 Deduction 2024 Suv Listwise. Depreciation for property placed in. As of 2024, the deduction limit for qualifying assets under section 179 is $1,220,000, an increase of $60,000 from 2023โs limit.
The 2024 section 179 deduction limit for suvs is $30,500. 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.