2024 Section 179 Limits Vehicles. For the 2024 tax year, the sec. 179 deduction is $1.22 million (up from $1.16 million for 2023).
179 deduction is $1.22 million, with a limit of $30,500 for heavy suvs. Learn about the 2024 irs depreciation limits for business vehicles, including luxury cars, suvs, trucks, and vans.