Bonus Depreciation Legislation 2024

Bonus Depreciation Legislation 2024

Bonus Depreciation Legislation 2024. Section 168 (k) bonus depreciation. On january 31, 2024, the u.s.


Bonus Depreciation Legislation 2024

The bill includes 100% bonus depreciation, allows for immediate research and development expensing and expands the child tax credit. Beginning in 2023, the amount of bonus depreciation decreases by 20% each year until it phases out totally beginning in 2027.

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