What is the 2024 Section 179 Deduction For Garbage Truck Purchases?

what is the section 179 deduction for garbage trucks

In 2024, businesses in the waste management industry can leverage the Section 179 tax deduction to significantly reduce costs when purchasing garbage trucks, rolloffs, hooklifts, and more. Understanding this deduction can lead to substantial financial benefits.

Understanding Section 179 Deduction in 2024:

The IRS Section 179 deduction, a pivotal tax incentive, continues for 2024 and allows businesses to deduct up to $1,220,000 for new or used equipment purchases, including garbage trucks. This substantial increase from the previous $1,000,000 limit reflects adjustments for inflation and economic changes, offering businesses a greater opportunity to invest in essential equipment. This tax benefit is particularly valuable for waste management companies looking to upgrade or expand their fleet with garbage trucks. By taking advantage of this increased deduction limit, businesses can significantly lower their taxable income, providing a boost to their financial health. This strategic tax planning tool is an essential aspect of financial management for businesses investing in heavy equipment, making it a critical consideration for year-end financial planning and investment decisions.

Section 179 Eligibility and Limits:

Businesses can utilize the Section 179 deduction for both new and used garbage truck purchases. However, it’s crucial to note that this deduction begins to phase out when the total amount of qualifying equipment exceeds $3,050,000 in a single tax year. This means that the full benefit of the deduction is gradually reduced as the investment in qualifying equipment surpasses this threshold. For companies investing significantly in their fleet, this phase-out rule is an important consideration in their financial planning and investment strategy, ensuring they maximize their tax advantages while effectively managing their equipment acquisitions..

Section 179 Strategic Asset Management:

Besides acquiring new equipment, businesses should also consider the strategic disposal of non-revenue-generating assets during this period. Selling or trading in obsolete or unused garbage trucks before the year’s end can significantly streamline the balance sheet. This approach not only declutters the asset portfolio but also generates additional funds, which can be reinvested in new purchases, thereby optimizing overall financial health and operational efficiency. It’s a crucial step in fiscal management, ensuring resources are allocated towards more productive and modern equipment.

Investment in Quality Trucks:

Trucks & Parts maintains a diverse inventory of new, used, and expertly reconditioned garbage trucks. Each vehicle is subjected to a thorough inspection process, ensuring they meet the highest standards of quality and reliability. This meticulous attention to detail makes these trucks excellent candidates for businesses looking to take advantage of the Section 179 deduction. By offering such a wide range of high-quality vehicles, Trucks & Parts positions itself as a key resource for companies seeking to upgrade their fleet while optimizing their tax benefits.

What Trucks Are Eligible For Section 179 Deduction?

Section 179 Eligible Garbage Trucks

Other Section 179 Eligible Commercial Trucks

Consulting with Tax Professionals:

To maximize the benefits of the Section 179 deduction, it’s crucial for businesses to seek guidance from tax professionals. These experts offer specialized advice that aligns with the latest tax regulations and is tailored to the specific needs and financial situation of your business. Their insight is invaluable in navigating the complexities of tax laws and ensuring that businesses make informed decisions that optimize their tax benefits under Section 179. This professional guidance is key to fully leveraging the tax advantages available for significant investments like garbage trucks.


The Section 179 deduction in 2024 presents a significant opportunity for businesses in the waste management sector to invest in new garbage trucks. This tax incentive is strategically valuable for companies looking to update their fleet while effectively managing their tax liabilities. By leveraging this deduction, waste management businesses can significantly enhance their operational capabilities and financial health, making it a key consideration in their investment and tax planning strategies for the year.

Remember to consult with a tax professional for personalized advice, especially as tax laws and limits can change. Trucks & Parts does not provide tax advice but can assist with your truck purchasing needs.