Bonus Depreciation 2024 And 2024. The amount of allowable bonus. 179 expensing limit has increased this.

Businesses should adapt systems, consider section 179, and review state rules. 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 $8,000, for a.