Section 179 deprecation

[sharmoren0112]

My client bought a new vehicle in 2023 & I'm trying to take the Section 179 deduction or bonus depreciation on it. The purchase price was $42,000. Am I allowed to expense the entire amount on the 2023 return? Please let me know. Thank you!

[Brainstrom · Accepted solution]

Vehicles under 6000 lbs you can deduct 12,200.00 for Section 179.Vehicles over 6000 lbs you can deduct 28,900.00 for 2023.