Lari Kristen

Bonus Depreciation Bill 2024. Bonus depreciation is a tax incentive that allows businesses to immediately deduct a significant portion of the purchase price of eligible assets, such as machinery, instead of writing them off. The title extends the allowance for depreciation, amortization, or depletion in determining the limitation of the business interest deduction.

31, 2022, and before jan. The title extends the allowance for depreciation, amortization, or depletion in determining the limitation of the business interest deduction.