Bonus Depreciation 2024 Equipment. Whether you intend to buy, finance or lease, you may be qualified to take advantage of substantial tax savings under section 179 again this year. You can deduct the $300,000 on your corporation’s 2024 federal income tax return.
However, depreciation laws and limits are always changing. The balance of equipment investment above $3,050,000 is eligible for standard macrs depreciation.