2024 Bonus Depreciation Rate 2024

2024 Bonus Depreciation Rate 2024. On the other hand, bonus depreciation, particularly under the current laws set to phase down starting in 2023 leading into 2024, allows for a percentage of the cost of qualifying.  — starting on january 1 st, 2023, for assets placed in service during the following periods, the bonus depreciation percentage will decrease in the following.

 — for vehicles under 6,000 pounds in the tax year 2023, section 179 allows for a maximum deduction of $12,200 and bonus depreciation allows for a maximum of. In 2024, the bonus depreciation rate is set to reduce from 80% to 60%.