Bonus Depreciation Percentage For 2024. Under the new law, the bonus depreciation. Unless the law changes, the bonus depreciation percentage will decrease by 20 points each year over the next several years until it phases out entirely for property placed in service after december 31, 2026.

The tcja allows businesses to immediately deduct 100% of the cost of eligible property in the year it is placed in service, through 2022. 80% will be allowed for property placed in service in 2023, 60% in 2024, 40% in 2025, and 20% in 2026.