Section 179 in 2024
Calculate Your Own Deduction

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Equipment Cost
*Est. Section 179 First Year Write-Off:
Tax Savings on Equipment Purchase:
(Assuming a 35% tax bracket)
Cost of Equipment after Tax Savings:

Tax Savings


Here is what is new with Section 179 in 2024:

  • The deduction limit for Section 179 is now $500,000.
  • The 2024 Section 179 Deduction threshold for total amount of equipment that can be purchased is now $2,000,000.
  • Most new and used equipment, as well as some software, qualify for the Section 179 Deduction.
  • Only new equipment purchased in 2024 qualifies for the "50% Bonus Depreciation".
  • When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation.

*By purchasing Fleet Track GPS's hardware before December 31, 2024, you may get additional tax savings on the purchase if you are eligible to claim the Section 179 deduction and other bonus depreciation on your taxes. Consult with a tax professional to find out exactly what those savings might be.

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