2025 Section 179 Vehicle Limit . Ford F150 Section 179 2025 Pete P. McVey Deduction Limits for 2025: Section 179 Deduction: Up to $31,300 for qualifying vehicles Tax law puts a $31,300 limit on 2025 Section 179 deductions for heavy SUVs with GVWRs between 6,001 and 14,000 pounds
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Section 179 expensing: Limit: $1.25 million (up from $1.22 million) Phaseout: $3.13 million (up from $3.05 million) Sec For businesses looking to maximize their equipment tax deductions, understanding Section 179 goes beyond federal limits
2025 Section 179 Tax Deduction Calculator Kath Mildred For the 2025 tax year, businesses can deduct up to $1,250,000 in qualifying purchases. Consult a tax professional to ensure compliance with IRS Section 179 deduction vehicle rules and maximize your potential write-offs For the 2025 tax year, businesses can deduct up to $1,250,000 in qualifying purchases.
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Section 179 Deduction Limit for 2024 and 2023 . But the $31,300 limitation does not affect other heavy vehicles (i.e., those that are not considered SUVs) State-specific rules can significantly impact your total tax.