2024 Bonus Depreciation Bill 2024. 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. 7024, the tax relief for american families and workers act of 2024, which includes 100% bonus depreciation, as well as research and.

The bonus depreciation rate was reduced to 80% for property placed in service in 2023, and is set to be reduced to 60% in 2024, 40% in 2025, 20% in 2026,. The bill increases the maximum refundable amount per child to $1,800 in tax year 2023, $1,900 in tax year 2024 and $2,000 in tax year 2025.