Section 179 And Bonus Depreciation 2024. First, bonus depreciation is another name for the additional first year depreciation deduction provided by section 168 (k). $3.05 million (increased from $2.859 million in 2023) bonus depreciation percentage:
In 2024, bonus depreciation is 60% for equipment placed into service from january 1, 2024, through december 31, 2024. You can deduct the $300,000 on your corporation’s 2024 federal income tax return.
Section 179 And Bonus Depreciation 2024 Images References :