§179 · §168(k) · §280F

Vehicle Bonus Depreciation Planner

Buy the truck or buy the car? GVWR matters, business-use percent matters, year matters.

Vehicle cost (cash + financed)

GVWR class

Business use %

Year placed in service

Take §179 election?

Take bonus depreciation?

First-year write-off · §280F caps applied

§179 deduction

Bonus depreciation

MACRS first-year

Total year 1 deduction

§280F luxury cap applied?

Business basis used

SUV/truck 6,001-14,000 lb GVWR: §179 SUV cap $30,500 in 2024 per §179(b)(5). Bonus depreciation phases 60% → 40% → 20% → 0% (2024-2027) per §168(k)(6).

Plan vehicle purchase with our office

2024 amounts: §179 SUV cap $30,500 (§179(b)(5)), bonus depreciation 60% (§168(k)(6)), luxury auto §280F caps yr1 $20,400 / yr2 $19,800 / yr3 $11,900 / yr4+ $7,160 (Rev. Proc. 2024-13). Educational tool, not legal advice. Call 689-331-5723 or email info@zerofusstaxes.com.