Kyla Shanda

Bonus Depreciation 2024 Rental Properties. As an example, a $250,000 deduction in 2023 would now be $200,000. For 2023, businesses can take advantage of 80% bonus depreciation.

For 2023, businesses can take advantage of 80% bonus depreciation. Bonus depreciation is a tax incentive that allows businesses to immediately deduct a significant portion of the purchase price of eligible assets, such as machinery, instead of.