Bonus Depreciation Legislation 2024. Extension of 100% bonus depreciation. The legislation pending before the senate would.

The bonus depreciation rate was reduced to 80% for property placed in service in 2023, and is set to be reduced to 60% in 2024, 40% in 2025, 20% in 2026, and zero in 2027. The bill would restore 100 percent bonus depreciation retroactively for investments made since the end of 2022 and maintain 100 percent bonus depreciation until.