Section 179 Vehicles 2024 Calculator. The section 179 deduction allows businesses to deduct the cost of qualifying vehicles over 6,000 lbs from taxable income, providing substantial tax relief and immediate. This deduction is good on new and used equipment financed/purchased and put into service by 12/31/2023.

You can use this section 179 deduction calculator to estimate how much tax you could save under section 179. This deduction is good on new and used equipment financed/purchased and put into service by 12/31/2023.