Darla Emeline

Bonus Depreciation 2024 Used Equipment. Bonus depreciation is a tax incentive designed to stimulate business investment by allowing companies to accelerate the depreciation of qualifying assets, such as equipment, rather than write them off over. Bonus depreciation comes into play after the section 179 deduction limit is reached.

The tcja also expanded bonus depreciation to certain.  — for vehicles under 6,000 pounds in the tax year 2023, section 179 allows for a maximum deduction of $12,200 and bonus depreciation allows for a maximum of.