2024 Bonus Depreciation Amount. This amount falls within the £12,570 standard personal tax allowance, so you do not pay income tax. 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.


2024 Bonus Depreciation Amount

Businesses should adapt systems, consider section 179, and review state rules. Bonus depreciation allows qualifying businesses that spend more than the 2024 section 179 limit to depreciate up to 60% on the remaining purchase amount.

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