Changes Ahead for Bonus Depreciation by Joshua P. Heberling, CPA
Posted on November 07, 2022 by Joshua Heberling
Companies considering a purchase of certain tangible business assets may want to accelerate those acquisitions in 2022 before they lose the full benefit of 100 percent bonus depreciation, which will begin phasing out at the end of the year. Under the Tax Cuts and Jobs Act passed into law in 2018, businesses gained the ability […]