How Much Is Bonus Depreciation In 2024au. Bonus depreciation is a tax incentive that allows businesses to deduct a significant portion of the purchase price of eligible business assets in the year the asset is placed in. For 2024, the maximum luxury auto depreciation deductions are as follows:

For 2024, the maximum luxury auto depreciation deductions are as follows: It allows businesses to deduct a significant portion of a purchased asset’s cost in the year.