Bonus Depreciation Legislation 2024. Major tax codes changes are expected as early as 2025, creating tax planning challenges for both businesses and investors. In 2024, bonus depreciation continues to be a valuable tool for businesses looking to invest in new or used property, offering a deduction of a certain percentage of the asset’s cost.


Bonus Depreciation Legislation 2024

The bill includes tax legislation to help small and private businesses, including the ability to immediately expense domestic research and experimental. Businesses were permitted to claim 100% bonus depreciation in 2022 for qualifying assets placed in service in 2022.

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