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 ...

There are dollar limits on the depreciation deductions (including deductions under the IRC §179 expensing election) that can be claimed with respect to passenger automobiles. That limit is adjusted ...

A reliable tactic for financing equipment purchases is being phased out this year. What does it mean – and what strategy should your business pursue to maximize value and minimize risk in 2023 and ...

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 ...

The Jobs and Growth Tax Relief Reconciliation Act of 2003 allows a taxpayer to claim a bonus first-year depreciation allowance equal to 50 percent of the adjusted basis of qualified property. However, ...

With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention to how much it would cost to extend key portions of the act and how the ...

Until recently, bonus depreciation was on track to phase out entirely by 2027, leaving business owners with shrinking tax deductions and added uncertainty around capital planning. Then, on July 4, ...

Depreciation is a taxation strategy that allows a business to write off an asset’s fair market value or cost over its projected useful life (how long the company estimates the asset will be used for ...

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.