What Is Bonus Depreciation 2024 Tax. In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter until it is completely phased out in 2027. By doing nothing, you’ll automatically claim 60% bonus depreciation on your 2024 tax return for property that you have placed in service during the.

Tax legislation, with 100% bonus depreciation standing out as a. Bonus depreciation is a unique tax rule that allows business taxpayers to write off a large percentage of an eligible asset’s cost in the first year it is purchased, contrary.