Section 179 Deduction 2025 Vehicles Donations . Section 179 Deduction 2024 2025 Learn the $1,250,000 limit, $3.13M phase-out, 40% bonus depreciation & tax-saving tips. The vehicles listed are grouped by make and model, with approximate GVWR values.
Section 179 Tax Deduction Moore’s Chevrolet Learn More from www.mooreschevrolet.com
These vehicles generally have no personal-use function and typically qualify for the full Section 179 deduction (up to $1,250,000) in 2025, provided overall spending limits are not exceeded In addition to the vehicle deduction limits, you also have a total Section 179 deduction limit for all types of depreciable assets
Section 179 Tax Deduction Moore’s Chevrolet Learn More However, once total equipment purchases exceed $3,130,000, the deduction begins to phase out, and it is completely eliminated at $4,380,000. It must also be placed in service during the tax year for which the deduction is claimed Tax law puts a $31,300 limit on 2025 Section 179 deductions for heavy SUVs with GVWRs between 6,001 and 14,000 pounds
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2024 Section 179 Limits For Light Vehicles Peri Trista . For the 2025 tax year, businesses can deduct up to $1,250,000 in qualifying purchases But the $31,300 limitation does not affect other heavy vehicles (i.e., those that are not considered SUVs)
Section 179 Deduction 2024 2025 . It must also be placed in service during the tax year for which the deduction is claimed To qualify, the vehicle must be used for business more than 50% of the time