The 2010 section 179 limit will be $500,000 and the phase out will begin at $2,000,000. The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 passed on December 16, 2010 now extends the 100% bonus depreciation for business property acquired after September 8, 2010 and before January 1, 2012.
The first-year passenger automobile limits have increased by $8,000. The additional $8,000 is added to the values in the table below for the 1st year (2011 only):
| Year | Passenger Autos | Trucks |
| 1st Year | $3,060 | $3,260 |
| 2nd Year | $4,900 | $5,200 |
| 3rd Year | $2,950 | $3,150 |
| Each succeeding year | $1,775 | $1,875 |
Passenger vehicles are defined as four-wheeled vehicles with an unloaded gross vehicle weight of 6,000 pounds or less and manufactured primarily for use on public streets, roads, and highways.
Trucks are defined as trucks, vans and SUV's that are passenger automobiles built on a truck chassis, manufactured primarily for use on public streets, roads, and highways and that have an unloaded gross vehicle weight of less than 6,000 pounds that do not meet the description of a non-personal use vehicle.
SUV limitations
The section 179 deduction is limited for SUV's to a maximum of $25,000. SUV's that are exempt non-personal vehicles are built on a truck chassis and have an unloaded gross vehicle weight of more than 6,000 pounds and less than 14,000 pounds.
California still limits the overall section 179 deduction to $25,000.
All depreciation limits above are adjusted for the business use of the vehicle.