2024 Bonus Depreciation Percentage. 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. Under the new law, the bonus depreciation.

Bonus depreciation allows businesses to deduct a large percentage of the cost of eligible purchases in the year when they acquire them. For 2023, businesses can take advantage of 80% bonus depreciation.