Bonus Depreciation 2024 Rules

Bonus Depreciation 2024 Rules. Without this retroactive treatment, bonus depreciation would be 80% in 2023 and 60% in 2024. New bipartisan legislation, the tax relief for american families and workers act of 2024, includes 100% bonus depreciation as well as research and development.

If it’s over the limit and/or threshold, bonus depreciation will kick in, which is only 60% for 2024. In 2024, the bonus depreciation rate is set to reduce from 80% to 60%.