Planning for the Possible Phase Out of Bonus Depreciation by Joshua P. Heberling, CPA
Posted on March 18, 2025 by Joshua Heberling
The 2017 tax cuts introduced a temporary bonus depreciation provision that allowed businesses to immediately write off 100 percent of their costs for new and used qualifying property they placed into service between Sept. 28, 2017, and Dec. 31, 2022. The rate of this first-year depreciation deduction has decreased by 20 percent each subsequent year […]