Section 179 Bonus Depreciation 2024 Calculator. See your estimated tax savings when you buy, lease, or finance business equipment. 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.

What is the difference between bonus depreciation and section 179? Bonus depreciation allows qualifying businesses that spend more than the 2024 section 179 limit to depreciate up to 60% on the remaining purchase amount.