2024 Bonus Depreciation Rate

2024 Bonus Depreciation Rate. Through our expert lens, we embark on a comprehensive exploration of bonus depreciation in 2024, aiming to demystify its existence, alterations, eligibility criteria, and its overall. Bonus depreciation is a tax break that allows businesses to immediately deduct a large percentage of the purchase price of eligible assets.

This adjustment means that businesses will no longer be able to deduct. In 2024, the bonus depreciation rate is set to reduce from 80% to 60%.