Bonus Depreciation 2024 Limit Switch. Section 179 allows businesses to fully deduct the cost of qualified capital asset purchases like equipment, software, and. Through our expert lens, we embark on a comprehensive exploration of bonus depreciation in 2024, aiming to demystify its existence, alterations, eligibility criteria, and its overall impact.

179 deduction for tax years beginning in 2024 is $1.22 million. Utilize both bonus depreciation and section 179 expensing to maximize tax savings.