2024 Tax Deductions For Work Trucks. A business can combine multiple expenses to reach that total, but. In 2024 (taxes filed in 2025), the maximum deduction under section 179 is limited to $1,220,000.
Section 179 is a u.s. Tax deduction allowing businesses to deduct full purchase cost of qualifying vehicles bought or leased during the tax year, incentivizing businesses to buy.
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