Automobiles - 2024 Maximum Depreciation Deduction
Based on 100% Business Use**
Year Passenger Autos/
1st Yr Bonus
Light Trucks and Vans,
SUV's/1st Yr Bonus
1 $12,400/$20,400 $12,400/$20,400
2 $19,800 $19,800
3 $11,900 $11,900
4 and beyond $7,160 $7,160
**This limit includes claiming a §179 expense deduction. If the business use is less than 100%, you must reduce the maximum deduction above proportionately.

**Vehicles are eligible for 100% bonus depreciation if they are above 6,000 lbs.