Vehicle Depreciation Calculator
Using your vehicle for business? Pick the right depreciation method — Section 179, 60% bonus (2024), or MACRS — and see exactly how much you can write off this year. Luxury auto caps, business-use proration, and phase-down rates included.
Vehicle Details
Strategy Comparison — Year 1
Section 179 + Bonus
Best Year 1Max first-year writeoff. 60% bonus on remainder.
$17,120
$34,641 / 5 yr total
Bonus Only
Skip 179, use 60% bonus + MACRS.
$12,400
$29,921 / 5 yr total
MACRS Only
Standard 5-year recovery, no elections.
$7,200
$33,926 / 5 yr total
Business Basis
$36,000
80% of cost
Sec. 179 Deduction
$12,400
Year 1
Bonus Depreciation
$0
60% rate (2024)
Year 1 Tax Savings
$6,334
at 37% marginal rate
MACRS 5-Year Depreciation Schedule
| Tax Year | MACRS Rate | Deduction | Remaining Basis |
|---|---|---|---|
| 2024 | 20.00% | $4,720 | $18,880 |
| 2025 | 32.00% | $7,552 | $11,328 |
| 2026 | 19.20% | $4,531 | $6,797 |
| 2027 | 11.52% | $2,719 | $4,078 |
| 2028 | 11.52% | $2,719 | $1,359 |
| 2029 | 5.76% | $1,359 | $0 |
MACRS basis: $23,600 · After 179 ($12,400) and bonus ($0)
IRS Authority: Rev. Proc. 2024-14 (luxury auto limits), IRC §179 (expensing election), IRC §168(k) (bonus depreciation). Luxury auto caps apply to passenger cars (GVWR ≤ 6,000 lbs); heavy vehicles have separate sub-limits. Always verify with a CPA before filing.
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