Bonus Depreciation 2024 Equipment. Bonus depreciation is a tax incentive that allows businesses to immediately deduct a significant portion of the purchase price of eligible assets. Bonus depreciation deduction for 2023 and 2024.
In 2024, the bonus depreciation rate will drop to. Bonus depreciation, which is generally taken after the section 179 spending cap is reached, will continue to phase down from 80% in 2023 to 60% in 2024.