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, ...
The Tax Cuts and Jobs Act of 2017 expanded bonus depreciation to additional assets and allowed for 100% bonus depreciation. While the qualification for bonus eligibility does not change, the amount ...
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.
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 ...
This regularly scheduled sponsored column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater ...
The bonus depreciation rule, a hallmark of Donald Trump’s tax policy, has become a lucrative tool for the ultra-wealthy, allowing them to deduct the full cost of luxury assets like private jets and ...