Bonus Depreciation Limits 2024 . Utilize both bonus depreciation and section 179 expensing to maximize tax savings. For example, if you purchase a piece of machinery in december of 2023, but don’t install it or start using it until january of 2024, you would have to wait until you file your 2024 tax.
Utilize both bonus depreciation and section 179 expensing to maximize tax savings. For 2023, businesses can take advantage of 80% bonus depreciation.
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