2024 Bonus Depreciation Amounts. Bonus depreciation is a significant tax incentive that allows businesses to immediately deduct a substantial portion of the purchase price of eligible assets rather than. This article aims to demystify the complex realm of bonus depreciation, focusing on five key areas:


2024 Bonus Depreciation Amounts

Bonus depreciation is an accelerated form of depreciation โ€” it allows you to deduct a fixed percentage (80% for 2023) of an assetโ€™s cost upfront instead of spreading the deduction out over its useful life. Businesses should adapt systems, consider section 179, and review state rules.

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