2024 Bonus Depreciation Rate. Under the new proposed rules, if a taxpayer itself manufactures, constructs, or produces property for use in its trade or business or for its production of income, the additional first. Bonus depreciation comes into play after the section 179 deduction limit is reached.

In 2024, the bonus depreciation rate is set to reduce from 80% to 60%. The scheduled change for 2024 introduces a reduction in the bonus depreciation rate from 100% to 80%.