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How can I maximize my vehicle deduction for business on form 179? What is the max? I bought a $60,000 work truck.
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Here is an IRS publication on section 179: Look at the paragraph titled "Depreciation limits on business vehicles."
https://www.irs.gov/publications/p946#:~:text=The%20total%20section%20179%20deduction,depreciation%2...
And then an explanation of the maximum depreciation deduction in Chapter 5 of the above link.
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