Section 179 Vehicles 2024 Turbotax. The irs section 179 deduction lets business owners deduct the full amount of the cost of qualifying new and used machinery, furniture, vehicles, and certain improvement. I also cover two annual elections that ta.

Section 179 is calculated differently, and is limited to $10,000 on a vehicle. When i add to the automobile expense section of my income, it does not provide me with the 179 full deduction option.