How Much Is Bonus Depreciation In 2024 Olympics. Bonus depreciation is a significant tax incentive that allows businesses to immediately deduct a substantial portion of the purchase price of eligible assets rather than. If we’re in 2024, you can depreciate $6,000 ($10,000 purchase x 0.6 bonus depreciation rate).

For 2023, businesses can take advantage of 80% bonus depreciation. Thanks to the tax cuts and jobs act of 2017 (tcja), a business can.