2024 Section 179 Limits Vehicles 2024. In contrast, bonus depreciation is limited to 80 percent for 2023 (60 percent for 2024). For 2024, the maximum sec.
In 2024 (taxes filed in 2025), the maximum deduction under section 179 is limited to $1,220,000. The irs sets specific limits on the total cost of vehicles that qualify for section 179 deductions.