2024 Bonus Depreciation Percentage. Bonus depreciation is an accelerated form of depreciation — it allows you to deduct a fixed percentage (80% for 2023) of an asset’s cost upfront instead of spreading the deduction out over its useful life. Bonus depreciation deduction for 2023 and 2024.
In 2024, the maximum bonus depreciation percentage will be 60%. This rate will continue to decrease by 20% per year until it is completely phased out in 2027, unless congress.