2024 Bonus Depreciation Limit. Each candidate presents a distinct set of policy proposals that could dramatically shape the landscape of regulation, taxation, and labor practices. The 2024 election between kamala harris and donald trump is set to be pivotal for the manufacturing and distribution industry.
Bonus depreciation allows a business to immediately write off 60 percent of the purchase price of qualified depreciable property, rather than taking the expense over the “useful life” of the asset. Property does not need to meet the over 50% business use: requirement.