2024 Bonus Depreciation Amount For Vehicles

2024 Bonus Depreciation Amount For Vehicles. For vehicles first leased in 2024,. In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter.


2024 Bonus Depreciation Amount For Vehicles

Irs guidance provides the 2024 depreciation limits for “luxury” business vehicles. The luxury car depreciation caps for a sport utility vehicle, truck, or van placed in service in 2024 are:

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