Change the method you are using. Rather than use Section 179, what you want to claim is Bonus Depreciation. This IRS website explains in more detail: Bonus Depreciation on Vehicles. You will see this information on the site:
The new law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is:
- $10,000 for the first year,
- $16,000 for the second year,
- $9,600 for the third year, and
- $5,760 for each later taxable year in the recovery period.
If a taxpayer claims 100 percent bonus depreciation, the greatest allowable depreciation deduction is:
- $18,000 for the first year,
- $16,000 for the second year,
- $9,600 for the third year, and
- $5,760 for each later taxable year in the recovery period.
The new law also removes computer or peripheral equipment from the definition of listed property. This change applies to property placed in service after Dec. 31, 2017.
Section 179 is calculated differently, and is limited to $10,000 on a vehicle. So to get $18,000, you need to use bonus depreciation.
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