2024 Bonus Depreciation Bill 2024. — key provisions in the tax relief for american families and workers act of 2024. — the tax relief for american families and workers act of 2024, h.r.
— the title extends the allowance for depreciation, amortization, or depletion in determining the limitation of the business interest deduction. — the bill would restore 100 percent bonus depreciation retroactively for investments made since the end of 2022 and maintain 100 percent bonus depreciation until the end of 2025.