2024 Bonus Depreciation Rules. Learn how to claim bonus depreciation, an accelerated form of depreciation that lets you deduct a fixed percentage of an asset’s cost upfront. Find out the eligibility criteria, the impact of tax.
Learn how to use bonus depreciation to deduct 60% of the cost of eligible assets in 2024, such as qip, qli, and qualified restaurant property. Bonus depreciation is a tax incentive that allows businesses to deduct a large percentage of the cost of eligible assets in their first year.