Bonus Depreciation 2024 Calculator Irs. The election must be made by filing a statement with form 4562, “depreciation and amortization,” by the due date, including extensions, of the federal tax return for the. The bonus depreciation (bd) is calculated using the following formula:
Bonus depreciation is a form of accelerated depreciation that offers an immediate tax deduction, speeds up tax savings,. The bonus depreciation for 2024 under section 179 is 60%.