Section 179 Bonus Depreciation 2024. Section 179 allows you to deduct a set dollar amount instead of a fixed percentage when using bonus depreciation. You can use this section 179 deduction calculator to estimate how much tax you could save under section 179.


Section 179 Bonus Depreciation 2024

For 2024, the maximum section 179 deduction is $1,220,000 ($1,160,000 for 2023). 179 deduction for tax years beginning in 2024 is $1.22 million.

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