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Bonus Depreciation 2024 Used Equipment. Bonus depreciation comes into play after the section 179 deduction limit is reached. โ 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.
The balance of equipment investment above $2,890,000 is eligible for standard macrs depreciation. Do nothing and claim 60% bonus depreciation for 2024.
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Category: 2024