Section 179 Bonus Depreciation 2024 Limit. Utilize both bonus depreciation and section 179 expensing to maximize tax savings. For tax years beginning in 2023, the maximum section 179 expense deduction is $1,160,000.

Utilize both bonus depreciation and section 179 expensing to maximize tax savings. 2024 updates & current rules for section 179 and bonus depreciation*: