2024 Bonus Depreciation Amount For Vehicles
2024 Bonus Depreciation Amount For Vehicles. The irs sets limits to keep things fair, and these limits have been. $20,400 (with bonus depreciation) or $12,400 (without bonus depreciation) year 2:
Irs guidance provides the 2024 depreciation limits for “luxury” business vehicles. For 2023, businesses can take advantage of 80% bonus depreciation.