2024 Bonus Depreciation Limit For Vehicles

2024 Bonus Depreciation Limit For Vehicles. 27, 2017, and placed in service during 2024, for 2024 and. This allows you to deduct a percentage of the remaining cost (after sec.


2024 Bonus Depreciation Limit For Vehicles

The luxury car depreciation caps for a sport utility vehicle, truck, or van placed in service in 2024 are: For passenger vehicles, trucks, and vans that are used more than 50% for business, the bonus depreciation limit was $18,100 for the first year for 2022.

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