Section 179 Bonus Depreciation 2024 Pdf. Bonus depreciation for 2024 allows businesses to deduct 80% of the remaining. In 2023, the maximum section 179 deduction was $1,160,000.

Since the total number of assets placed in service next year is not yet available, the program does not attempt to. Taxpayers can elect to claim 100% bonus depreciation or section 179 expensing to deduct the full cost of eligible property up front, in the year it’s placed in service.