ilmscore | Bonus Depreciation (Vehicles) Predictions
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Bonus Depreciation (Vehicles)

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Bonus depreciation allows for an 80% deduction of a vehicle's cost in the first year (down from 100%), with the remainder capitalized over 5 years. For a $50,000 vehicle, this means an $40,000 deduction in year one.
"and you could take bonus depreciation in year one it used to be 100% but now it's phased out to abou..."
Minority Mindset Minority Mindse...
Apr 22, 2024
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