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The new law includes favorable changes for depreciating eligible assets

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 […]

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

The new law includes favorable changes for depreciating eligible assets

Assets, Business owned Property, Depreciable Business Equipment, Depreciation, Depreciation Deduction (Section 179), One, Big, Beautiful Bill Act, Qualified Improvement Property (QIP), Small Business, Small Business Owners, Small Business Tax Tips, Software /

The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating business assets. Here’s what you need to know. 100% bonus depreciation is back The new law permanently restores 100% first-year depreciation for eligible assets acquired

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