2024 Bonus Depreciation Rates. What are the eligibility requirements for the additional first year depreciation deduction following the enactment of the tax cuts and jobs act of 2017 (“tcja”)? When a business buys an asset, the tax treatment for that asset is traditionally to spread its cost of over its useful life.

However, as we move into 2024, the landscape is set to change. Items purchased in 2025 have.