Bonus Depreciation 2024 Equipment In India. Under the new law, the bonus depreciation. The 100% bonus depreciation phased out after 2022, with qualifying property getting only a 60% bonus deduction in 2024 and less in later years.
For example, if you purchase equipment for $100,000, you have to take the. Section 179 allows businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year, up to a certain limit.