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2024 Bonus Depreciation Limits. Starting in 2023, the rate for bonus depreciation will be: With the bonus depreciation percentage set at 60% for 2024, and ramping down further in subsequent years, businesses have greater incentive to make. 20% to take advantage of bonus depreciation: Bonus depreciation deduction for 2023 and 2024 for 2023, businesses can take advantage of 80% bonus depreciation.