New Bonus Depreciation Rules 2024. For more information, check out the accountants’ guide to calculating. The special depreciation allowance is 80% for certain qualified property acquired after september 27, 2017, and placed in service after december 31, 2022, and before.
In 2024, bonus depreciation continues to be a valuable tool for businesses looking to invest in new or used property, offering a deduction of a certain percentage of the asset’s cost. In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter.