2024 Bonus Depreciation Rate Table. Under the new proposed rules, if a taxpayer itself manufactures, constructs, or produces property for use in its trade or business or for its production of income, the additional first year. In 2024, the bonus depreciation rate is set to reduce from 80% to 60%.

Starting on january 1 st, 2023, for assets placed in service during the following periods, the bonus depreciation percentage will decrease in the following manner: Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as machinery, rather than.