Bonus Depreciation 2024 Real Estate

Bonus Depreciation 2024 Real Estate. In 2024, bonus depreciation continues to be a valuable tool for businesses looking to invest in new or used property, offering a deduction of a certain percentage of the asset’s cost. Expansion of section 179 expensing.

Bonus depreciation rate has started to decrease after 2022, and will completely phase out by january 1, 2027. Bonus depreciation is an optional depreciation acceleration method.