Lindi Perrine

New Bonus Depreciation Rules 2024. Extension of 100% bonus depreciation. This guide offers a detailed look into the mechanics and strategic application of bonus depreciation in 2024, particularly focusing on new developments and how businesses.

For 2023, businesses can take advantage of 80% bonus depreciation. The bonus depreciation rate was reduced to 80% for property placed in service in 2023, and is set to be reduced to 60% in 2024, 40% in 2025, 20% in 2026,.