2024 Bonus Depreciation Bill

2024 Bonus Depreciation Bill. The tax relief for american families and workers act of 2024, h.r. The trump tax law cut the value of the deduction for r&d beginning in 2022 and bonus depreciation beginning in 2023.


2024 Bonus Depreciation Bill

The bill proposes to extend the 100% bonus depreciation for property placed in service during the years 2023 through 2025 and to retain the 20% bonus. For 2023, businesses can take advantage of 80% bonus depreciation.

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