2024 Bonus Depreciation Amount For Car

2024 Bonus Depreciation Amount For Car. The luxury car depreciation caps for a passenger car placed in service in 2024 limit annual depreciation deductions to: Bonus depreciation is limited to 60% in 2024.


2024 Bonus Depreciation Amount For Car

The biggest benefit of the current auto deduction is the strategy of bonus depreciation. For 2023, businesses can take advantage of 80% bonus depreciation.

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