Bonus Depreciation Legislation 2024. Tax legislation, with 100% bonus depreciation standing out as a. The bill delays the beginning of the phaseout of 100% bonus depreciation from 2023 to 2026.
The bill reinstates immediate domestic research expensing under irc section 174, extends 100% bonus depreciation, increases the refundable child tax credit, and. 7024, the tax relief for american families and workers act of 2024, which includes 100% bonus depreciation, as well as research and.