Skip to main content

Save Money on Your 2024 Taxes!

Invest in your business. Save cash on your 2024 taxes. Section 179
All Things Runnion
Blog Posts
November 14, 2024

Equipment must be purchased and placed into service by 12/31/24

  • 60% Bonus Depreciation on new and used equipment purchases
  • Section 179 Expense Provision allows a deduction up to $1,220,000 with a $3,050,000 cap on expenditures for new and used equipment purchases

*This information should not be considered tax advice. Consult your tax advisor or the IRS for additional information.

What's New for 2024
2024 Section 179 examples