Section 179 Bonus Depreciation 2024 Table. It begins to be phased out if 2024 qualified asset additions. When considering whether to utilize section 179 deductions instead of bonus depreciation in the year 2024, it’s crucial to understand the potential impact on both cash flow and tax.
179 deduction for tax years beginning in 2024 is $1.22 million. When considering whether to utilize section 179 deductions instead of bonus depreciation in the year 2024, it’s crucial to understand the potential impact on both cash flow and tax.