What Is 2024 Bonus Depreciation. Thanks to the tax cuts and jobs. The bill includes 100% bonus depreciation, allows for immediate research and development expensing and expands the child tax credit.

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. 7024, the tax relief for american families and workers act of 2024, which includes 100% bonus.