What Is Bonus Depreciation 2024 . Businesses should adapt systems, consider section 179, and review state rules. The bill delays the beginning of the phaseout of 100% bonus depreciation from 2023 to 2026.
The full house passed late wednesday by a 357 to 70 vote h.r. Bonus depreciation is an accelerated form of depreciation โ it allows you to deduct a fixed percentage (80% for 2023) of an assetโs cost upfront instead of spreading the deduction out over its useful life.
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