Bonus Depreciation 2024 Real Estate. Bonus depreciation allows you to minimize your tax liabilities and maximize your return. The bonus depreciation deduction under section 168 (k) begins its phaseout in 2023 with a reduction of the applicable limit.

Under the new proposed rules, if a taxpayer itself manufactures, constructs, or produces property for use in its trade or business or for its production of income, the additional first. › what is bonus depreciation?