2024 Bonus Depreciation. In 2024, the bonus depreciation rate will drop to 60%, falling by 20% per year thereafter until it is completely phased out in 2027 (assuming congress doesn’t take. This means businesses will be able to write off 60% of the cost of eligible assets in the first year that the assets are.
The bill delays the beginning of the phaseout of 100% bonus depreciation from 2023 to 2026. Bonus depreciation allows qualifying businesses that spend more than the 2024 section 179 limit to depreciate up to 60% on the remaining purchase amount.