Bonus Depreciation 2024 Rental Property Tax Return. Maximize your tax savings by leveraging bonus depreciation for rental property investments, enhancing your tax strategy and cash flow. Utilize both bonus depreciation and section 179 expensing to maximize tax savings.

The 2024 tax year introduces specific requirements that businesses must meet to qualify for bonus depreciation, reflecting the ongoing adjustments in the tax code. Full bonus depreciation is phased down by 20% each year for property placed in service after dec.