How Much Is Bonus Depreciation In 2024. The full house passed late wednesday by a 357 to 70 vote h.r. It allows you to deduct 60% of the cost of an asset purchased in 2024, as opposed to depreciating its cost over the useful life.

In 2024, the bonus depreciation rate is set to reduce from 80% to 60%. It allows you to deduct 60% of the cost of an asset purchased in 2024, as opposed to depreciating its cost over the useful life.