2024 Bonus Depreciation Rate . It allows a business to write off more of the cost of an asset in the year the company starts using it. Full bonus depreciation is phased down by 20% each year for property placed in service after dec.
The tcja allows businesses to immediately deduct 100% of the cost of eligible property in the year it is placed in service, through 2022. It allows a business to write off more of the cost of an asset in the year the company starts using it.
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