Section 179 Tax Deduction Vehicle List 2024 Game. Financing a vehicle and claiming the section 179 deduction is possible. This approach can enhance cash flow by deducting the entire vehicle cost while making.

The section 179 deduction is applicable for vehicles that have a rating between 6,000 pounds gvwr and 14,000 pounds gvwr for up to $25,000 of the vehicle’s cost. The section 179 deduction is a full, current year deduction for the cost of property placed in service, subject to limitations.