Bonus Depreciation 2024 Vehicles List. Business owners can take advantage of the special bonus depreciation rules after claiming section 179 deductions for vehicles to reduce their taxable income. (it was 80% in calendar year.

This guide offers a detailed look into the mechanics and strategic application of bonus depreciation in 2024, particularly focusing on new developments and how businesses. Bonus depreciation is an accelerated form of depreciation — it allows you to deduct a fixed percentage (80% for 2023) of an asset’s cost upfront instead of.