Bonus Depreciation 2024 Used Equipment

Bonus Depreciation 2024 Used Equipment. The used property requirement is met if the acquisition of the used property by the taxpayer meets the following five requirements: 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.

The balance of equipment investment above $2,890,000 is eligible for standard macrs depreciation. 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.