Bonus Depreciation 2024 Percentage. This rate will continue to decrease by 20% per year until it is completely phased out in 2027, unless congress takes. The bill includes 100% bonus depreciation, allows for immediate research and development expensing and expands the child tax credit.

Bonus depreciation comes into play after the section 179 deduction limit is reached. One of the most significant provisions of the tax cuts and jobs act.