2024 Bonus Depreciation Rates

2024 Bonus Depreciation Rates. The full house passed late wednesday by a 357 to 70 vote h.r. While section 179 provides an upfront deduction up to a certain limit, bonus depreciation.


2024 Bonus Depreciation Rates

Under the new law, there is 100% bonus depreciation for “qualified property” acquired and placed in service after september 27, 2017 and before january 1, 2023. In 2024, legislation to extend 100% bonus depreciation by three years to the end of 2025 passed the house of representatives but failed in the senate.

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