2024 Bonus Depreciation Percentage Formula. Bonus depreciation allows businesses to write off a percentage of the cost of assets, but it's quickly phasing out. In 2024, the bonus depreciation rate will drop to.
Bonus depreciation allows qualifying businesses that spend more than the 2024 section 179 limit to depreciate up to 60% on the remaining purchase amount. Utilize both bonus depreciation and section 179 expensing to maximize tax savings.