The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s what to know about what property qualifies and when you can benefit.
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. For the last five years, manufacturers have enjoyed a bonus ...
Legislation passed in 2025 can provide significant additional tax savings for individuals who own rental properties or commercial real estate. A basic understanding of 100% bonus depreciation and ...
Ezra Dyckman and Charles Nelson explain how the new federal tax law expands bonus depreciation opportunities but caution that the rules can be complicated and may not help all taxpayers as much as ...
100% bonus depreciation is scheduled to drop to 80% bonus depreciation starting in 2023. Certain long-term assets have an extra year (such as orchard plantings). Bonus will drop by 20% each year ...
As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire. Bonus depreciation was one of the significant provisions in the ...
The One Big Beautiful Bill Act (the “Act”) includes significant amendments to bonus depreciation under Section 168(k). The Act permanently reinstated “bonus” depreciation at 100% of the cost of ...
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (“OBBBA,” H.R.1). Among other things, the OBBBA permanently reinstates 100% bonus depreciation under Section 168(k) for qualified ...
A client calls with a question: "I just bought a warehouse and spent $250,000 improving it. Can I deduct all of that this year?" Processing Content If the improvements were placed in service after Jan ...
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