Section 179 Vehicles 2024 Listen2myradio. Section 179 of the internal revenue code (irc) tax code allows businesses to deduct the full purchase price of qualifying depreciable assets purchased or financed anytime. • heavy suvs*, pickups, and vans (over 6,000 lbs.
Section 179 allows qualifying businesses to deduct up to the full purchase price of certain new or used vehicles, equipment and/or software purchased and placed into service. Identify the total cost of the vehicle, including any applicable taxes, fees, and delivery.