2024 Bonus Depreciation Bill In India. The election must be made by filing a statement with form 4562, “depreciation and amortization,” by the due date, including extensions, of the federal tax return for the. Extend 100% bonus depreciation for qualified property placed in service after dec.

Extension of 100% bonus depreciation. The bill delays the beginning of the phaseout of 100% bonus depreciation from 2023 to 2026.