Bonus Depreciation 2024 Limit In. Assets acquired during the bonus period (september 27, 2017, to january 1, 2023) can receive 100% depreciation deductions in the first year. For 2024, the deduction limit is $1,220,000, with a total equipment.

Bonus depreciation is not subject to an annual dollar limit, nor is it limited to annual business profit. 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.