How Much Is Bonus Depreciation In 2024 Tax. โ bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as machinery, rather than. While section 179 provides an upfront deduction up to a certain limit, bonus depreciation allows for.
Extension of 100% bonus depreciation. This allows 60% of the equipmentโs cost to be deducted in the first year for purchases made in 2024.