5 key points about bonus depreciation

(CARES ACT), Depreciation, S Corporations, Section 179, Small Business, Sole Proprietors, Tax Credits, Tax Cuts and Job Acts (TCJA), Tax Planning /

Under current law, 100% bonus depreciation will be phased out in steps for property placed in service in calendar years 2023 through 2027. Thus, an 80% rate will apply to property placed in service in 2023, 60% in 2024, 40% in 2025, and 20% in 2026, and a 0% rate will apply in 2027 and […]

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