The article Depreciation of Business Assets gives a great explanation between 179 and bonus depreciation.
Vehicles
Depreciation and expensing for that car or truck you use for business is a little trickier than for other types of business assets because IRS has special rules for vehicles.
No matter how much you pay, the standard depreciation first-year write-off for a new or used car or truck is $11,200 in 2022. (These figures assume 100% business use.)
Under the bonus depreciation rules, another $8,000 can be depreciated during the first year. The expensing is no longer limited to new vehicles. Used vehicles are eligible for bonus depreciation beginning in 2018.
In 2022, automobile depreciation limits are $18,000 for the second tax year; $10,800 for the third tax year; and $6,640 for each successive tax year until the cost is fully depreciated.
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