Save on taxes: Bonus depreciation for business vehicle purchase
WEX Inc.
JUNE 20, 2024
Bonus depreciation will continue to ramp down for ensuing years: 40% for 2025, 20% for 2026, and 0% beginning in 2027. Bonus depreciation will continue to ramp down for ensuing years: 40% for 2025, 20% for 2026, and 0% beginning in 2027. What are the differences between Section 179 and bonus depreciation?
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