2024 Bonus Depreciation Rate. The allowable percentage is set to decrease in 20% increments every year through 2027, meaning bonus depreciation is set at 60% for 2024, 40% for 2025, and 20% for 2026 until the current provision expires and drops to 0% in 2027. In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter.
Making 100 percent bonus depreciation permanent is more costly under permanently higher inflation. Bonus depreciation is a tax break that allows businesses to immediately deduct a large percentage of the purchase price of eligible assets.
