Bonus Depreciation 2024 Percentage. If purchased in 2024 for the same amount, the bonus depreciation deduction would be reduced by 40% (20% for each year starting in 2023) and only $24,000,000 (or. 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.

Under the new law, the. Opened 121 net new stores during 2q24, reaching 2,503 stores as of june 30, 2024.