Section 179 Vehicles 2024 Irs. For tax years beginning in 2023, the maximum section 179 expense deduction is $1,160,000. Part i pertains to section 179 and gives you lines to list out eligible property placed in service.

Part i pertains to section 179 and gives you lines to list out eligible property placed in service. Per irs guidance, depreciation benefits will be 60% in 2024, 40% in 2025, and 20% in 2026.