Bonus Depreciation 2024 Limit

Bonus Depreciation 2024 Limit. Personal property typically has a depreciation period of fewer than 10 years when used inside rental property. Bonus depreciation deduction for 2023 and 2024.


Bonus Depreciation 2024 Limit

Bonus depreciation is not subject to an annual dollar limit, nor is it limited to annual business profit. For 2023, businesses can take advantage of 80% bonus depreciation.

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