Bonus Depreciation 2024 15 Year Property. Here’s what that schedule looks like: The bonus depreciation rate started its descent, decreasing by 20% annually.

So the rate could be 10%, 12%, 22%, or 25%, depending on your other income,. The bonus depreciation deduction under section 168(k) begins its phaseout in 2023 with a reduction of the applicable limit from 100% to 80%.