Bonus Depreciation 2024 Limit. 2022 was the last tax year for which businesses could depreciate 100% of eligible assets. While section 179 provides an upfront deduction up to a certain limit, bonus depreciation.
In 2024, the bonus depreciation is scheduled to fall to 60%, which means businesses should carefully plan their investments in the coming years to maximize tax benefits. The full house passed late wednesday by a 357 to 70 vote h.r.