Bonus Depreciation 2024 Equipment 2024. Under the new proposed rules, if a taxpayer itself manufactures, constructs, or produces property for use in its trade or business or for its production of income, the additional first year. This value is the original purchase cost minus the depreciation deductions you claimed over the period of.

This is down from 80% in 2023. 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 asset’s cost in the.