Vehicles That Qualify For Section 179 2024 Tax Year. This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $3,050,000.also, the maximum section 179 expense deduction for sport utility vehicles placed in service in tax. Starting in 2024, a variety of vehicles qualify for section 179 deductions, including automobiles, pickup trucks,.

For 2024, the deduction limit is $1.22. While some vehicles, such as cargo vans, are eligible section 179 expenses, the federal government has narrowed businesses’ ability to write off vehicles traditionally used for.