Bonus Depreciation 2024 Calculator. Enter an equipment cost, and the estimated tax deduction amounts appear instantly. Bonus depreciation calculator is essentially a gift of lower income taxes and it requires only a minute and is relatively accurate.

The bonus depreciation is calculated using the following formula:  — bonus depreciation is an accelerated form of depreciation — it allows you to deduct a fixed percentage (80% for 2023) of an asset’s cost upfront instead of spreading.