2024 Bonus Depreciation Bill

2024 Bonus Depreciation Bill. The tax relief for american families and workers act of 2024, h.r. At the heart of this legislative overhaul is the provision of 100% bonus depreciation, a move that has stirred discussions across the financial and business communities.

The bill proposes to extend the 100% bonus depreciation for property placed in service during the years 2023 through 2025 and to retain the 20% bonus. 1, 2027, for longer production period.