Bonus Depreciation 2024 Real Estate. The rate of bonus depreciation phases out every tax year until 2027: Your use of either the general depreciation system (gds) or the alternative depreciation system (ads) to depreciate property under macrs determines what depreciation method and recovery period you use.
In 2024, bonus depreciation continues to be a valuable tool for businesses looking to invest in new or used property, offering a deduction of a certain percentage of the asset’s cost in the first year. It’s traditionally been a tax benefit reserved for developers that build new buildings.