Bonus Depreciation

Bonus depreciation allows an additional first-year depreciation deduction for qualifying property. The rate was 100% through 2022, phasing down to 60% in 2024 and 40% in 2025. Applies to new and used property with a recovery period of 20 years or less.

Source Agency
IRS

Last Verified
March 1, 2026

Next Review
May 30, 2026

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