What Vehicles Qualify For Section 179 2024 Tax Year. To qualify for section 179, the property must be tangible personal property (like machinery, equipment, and vehicles) used more than 50% for. The irs section 179 vehicle list of vehicles over 6000 pounds is a comprehensive list of all the eligible vehicles for the tax deduction.
Section 179 deductions allow companies to write off up to $30,500 of the purchase price of a qualifying vehicle used for business purposes. Vehicles as section 179 property.