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Section 179 and bonus list for 2024
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senodak
Posted 9/5/2024 13:12 (#10879585 - in reply to #10879297)
Subject: RE: Section 179 and bonus list for 2024


Correct. General use buildings such as a shop are 20 year property thus not qualifying for 179, but could use the 60 percent bonus on it.

Tile, bins, single use buildings (livestock barns) qualify for 179.

Bonus will phase down to zero after 2026 regardless of who gets elected unless a new law is enacted.
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