Page 55 - Be Tax Ready 2024
P. 55

SEC. 179 AND BONUS




                                 DEPRECIATION






            - Sec 179 expense deduction:



                 $1,160,000 with a phaseout



                 threshold of $2,890,000









            - Sec. 168(k)  bonus depreciation:



                 80% of adjusted basis of



                 qualifying property placed in



                 service in 2023











          TRAINBYUS: TRANSFORMING DIGITAL LEARNING
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