Section 179 Bonus Depreciation 2024 Calculator. Special rules apply to a deduction of qualified section 179 real property that is placed in service by you in tax years beginning before 2016 and disallowed because of the business income limit. That deduction phases out for companies that spend over $3,050,000 on equipment per year.
See special rules for qualified section 179 real property under carryover of disallowed deduction, later. This involves being up to date with the eligibility criteria for assets, calculating the allowable amount of depreciation, and being aware of the interplay between bonus depreciation and other deductions and tax credits.