2024 Bonus Depreciation Rate Today. This gradual reduction brings a new set of challenges and opportunities for 2024 and beyond. The full house passed late wednesday by a 357 to 70 vote h.r.
Bonus depreciation allows qualifying businesses that spend more than the 2024 section 179 limit to depreciate up to 60% on the remaining purchase amount. New bipartisan legislation, the tax relief for american families and workers act of 2024, includes 100% bonus depreciation as well as research and development expensing.