Bonus Depreciation 2024 Rules And Regulations. For 2024, the section 179 expense deduction is capped at $1,050,000, and the total amount of equipment purchased cannot exceed $2,620,000. Overview of bonus depreciation in 2024.
Before congress passed the tax cuts and jobs act (tcja) of 2017, bonus depreciation rules were much different. Your use of either the general depreciation system (gds) or the alternative depreciation system (ads) to depreciate property under macrs determines what depreciation.