Bonus Depreciation 2024 Limited Edition
Bonus Depreciation 2024 Limited Edition. Bonus depreciation deduction for 2023 and 2024 for 2023, businesses can take advantage of 80% bonus depreciation. You can deduct the $300,000 on your corporation’s 2024 federal income tax return.
In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter until it is completely phased out in 2027 (assuming congress. You can deduct the $300,000 on your corporation’s 2024 federal income tax return.