2024 Bonus Depreciation Rate Today. In 2024, the bonus depreciation rate is expected to phase down, making it even more critical for smes to plan their asset purchases and investments strategically. This means businesses will be able to write off 60% of the cost of eligible assets in the first year that.
The remaining $4,000 will be depreciated in future years according to. This adjustment means that businesses will no longer be able to deduct.