How Much Is Bonus Depreciation In 2024 Lok

How Much Is Bonus Depreciation In 2024 Lok. While section 179 provides an upfront deduction up to a certain limit, bonus depreciation. You can then deduct 60% of the remaining $200,000 ($500,000 − $300,000),.

This is down from 80% in 2023. The election must be made by filing a statement with form 4562, “depreciation and amortization,” by the due date, including extensions, of the federal tax return for the.