2024 Bonus Depreciation Percentage. On the other hand, bonus depreciation, particularly under the current laws set to phase down starting in 2023 leading into 2024, allows for a percentage of the cost of qualifying. 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.

Company sales were $1,196.5 million in the fourth quarter of fiscal 2024 compared to $1,064.8 million in the. In 2024, the bonus depreciation rate will drop to.