2024 Bonus Depreciation Amount. You can then deduct 60% of the remaining $200,000 ($500,000 โ $300,000),. Bonus depreciation allows a business to immediately write off 60 percent of the purchase price of qualified depreciable property, rather than taking the expense over.
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 assetโs cost. In 2024, the bonus depreciation rate is set to reduce from 80% to 60%.
