Bonus Depreciation 2024 Vehicles. 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. You can deduct your entire asset or vehicle fleet regardless of how much you paid for the vehicles.

The irs has released (rev. The special depreciation allowance is 80% for certain qualified property acquired after september 27, 2017, and placed in service after december 31, 2022, and before.