How Much Is Bonus Depreciation In 2024 Lok. By doing nothing, you’ll automatically claim 60% bonus depreciation on your 2024 tax return for property that you have placed in service during the. It allows a business to write off more of the cost of an asset in the year the company starts using it.

Section 179 allows businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year, up to a certain limit. By doing nothing, you’ll automatically claim 60% bonus depreciation on your 2024 tax return for property that you have placed in service during the.