Bonus Depreciation 2024 Rental Property Tax Rate

Bonus Depreciation 2024 Rental Property Tax Rate. For 2023, businesses can take advantage of 80% bonus depreciation. The rate of bonus depreciation continues to phase down, with eligible assets acquired and placed in service in 2024 eligible for 60% bonus depreciation before it decreases further in.

In 2024, the bonus depreciation rate will drop to 60%, falling by 20%. The 2024 changes might mean higher taxes on.