What Is Bonus Depreciation 2024 For Vehicles
What Is Bonus Depreciation 2024 For Vehicles. Bonus depreciation, on the other hand, lets you write off a portion of the cost of new equipment in the first year it’s used. You can deduct the $300,000 on your corporation’s 2024 federal income tax return. Bonus depreciation is an accelerated business tax deduction used instead of …