2024 Bonus Depreciation Amounts. The rate of bonus depreciation continues to phase down, with eligible assets acquired and placed in service in 2024 eligible for 60% bonus depreciation before it decreases further in subsequent years. Starting on january 1 st, 2023, for assets placed in service during the following periods, the bonus.

For vehicles under 6,000 pounds in the tax year. Subtract any section 179 expense deduction for the year from the original cost of the asset.