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First Year Bonus Depreciation Deductions

To maximize — or not to maximize — depreciation deductions on your 2025 tax return

Leave a Comment / Depreciation, Depreciation Deduction (Section 179), One, Big, Beautiful Bill Act, Small Business, Small Business Owners, Small Business Tax Tips, Small Business Tips /

The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of the tax year, there are some decisions you can make when filing your return that can save taxes now or in the future. One such decision is whether to claim accelerated depreciation […]

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Coordinating Sec. 179 tax deductions with bonus depreciation

Business Deductions, Depreciation, Depreciation Deduction (Section 179), Federal Tax Deductions, Small Business, Small Business Owners, Small Business Tips /

Your business should generally maximize current-year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions and first-year bonus depreciation deductions. These two deductions can potentially allow businesses to write off some or all of their qualifying asset expenses in Year

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