Bonus Depreciation 2024 Limit In India. Bonus depreciation deduction for 2023 and 2024. 40% for property placed in service after december 31, 2024 and before january 1, 2026.

In 2024, the bonus depreciation is scheduled to fall to 60%, which means businesses should carefully plan their investments in the coming years to maximize tax benefits. The full house passed late wednesday by a 357 to 70 vote h.r.