Section 179 Bonus Depreciation 2024 Pdf. Also, keep in mind that under the (separate) bonus depreciation break, you can deduct up to 60% of the cost of qualified asset additions placed in service in 2024. The maximum section 179 expense deduction for 2024 is $1,220,000, but this is reduced by the amount of section 179 property placed in service during the tax year.

The maximum section 179 expense deduction for 2024 is $1,220,000, but this is reduced by the amount of section 179 property placed in service during the tax year. Also, keep in mind that under the (separate) bonus depreciation break, you can deduct up to 60% of the cost of qualified asset additions placed in service in 2024.