How Much Is Bonus Depreciation In 2024 Lok. 179 deduction for tax years beginning in 2024 is $1.22 million. Overview of bonus depreciation in 2024.
Utilize both bonus depreciation and section 179 expensing to maximize tax savings. The bonus depreciation deduction limit for the 2023 tax year is 80% of the asset cost, down from 100% in 2022.
