Bonus Depreciation Calculator

Bonus depreciation (§168(k)) lets you deduct a large percentage of qualifying asset cost in the year of purchase instead of over the asset's useful life. After 100% in 2022, it is phasing down each year: 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026, and 0% in 2027 under current law. Add your assets to calculate year-one deductions and remaining basis to depreciate.