Bonus Depreciation 2024 Senate. The bill delays the beginning of the phaseout of 100% bonus depreciation from 2023 to 2026. The bill includes 100% bonus depreciation, allows for immediate research and development expensing and expands the child tax credit.
31, 2022, and before jan. Beginning in 2023, the amount of bonus depreciation decreases by 20% each year until it phases out totally beginning in 2027.
