Section 179 Heavy Vehicle Deduction 2024 . Financing a vehicle and claiming the section 179 deduction is possible. Remember to verify the exact gvwr of the vehicle model and trim level to ensure qualification.
Section 179 offers a set dollar amount deduction ($30,500 in 2024), while bonus depreciation allows a percentage deduction on eligible assets. Gross vehicle weight rating (gvwr) of 6,000 lbs or more :
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