Bonus Depreciation 2024 Equipment. Bonus depreciation is a tax incentive that allows businesses to immediately deduct a significant portion of the purchase price of eligible assets, such as machinery, instead of. How to deduct rental property depreciation wealthfit, however, starting in 2024, the rate will drop to 60%.

Among its array of provisions, the extension of 100% bonus depreciation emerges as a cornerstone, designed to spur investment in machinery, equipment, and. Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as machinery, rather than write them off.