President Donald Trump’s “big, beautiful” budget bill could dramatically accelerate investments in domestic manufacturing by ...

Businesses use IRS Form 4562 to record bonus depreciation as well as other types of depreciation and amortization. Tax Benefit Schedule and Phaseout Bonus depreciation is an accelerated business ...

Bonus depreciation is gradually being phased out, impacting how businesses plan their capital expenditures. The phaseout schedule was established by the Tax Cuts and Jobs Act of 2017, which ...

100% bonus depreciation is scheduled to drop to 80% bonus depreciation starting in 2023. Certain long-term assets have an extra year (such as orchard plantings). Bonus will drop by 20% each year ...

Time Is of the Essence Like all good things, bonus depreciation will eventually come to an end. The TCJA includes a phase-out schedule for bonus depreciation of 20% annually until it is completely ...

This isn’t at all unlikely, given that since 2002 there has constantly been a bonus depreciation schedule in place (except for a short three-year period between 2005 and 2007). Under a permanent ...

Bonus depreciation acts as a tax incentive that provides an immediate depreciation deduction for eligible assets, including aircraft, as opposed to a traditional writeoff schedule. In traditional ...

Treasury Secretary Scott Bessent recently announced that the return of 100 percent bonus depreciation is likely to be enacted in an upcoming tax bill, potentially creating significant ...

Bonus depreciation is gradually being phased out, impacting how businesses plan their capital expenditures. The phaseout schedule was established by the Tax Cuts and Jobs Act of 2017, which initially ...

This isn’t at all unlikely, given that since 2002 there has constantly been a bonus depreciation schedule in place (except for a short three-year period between 2005 and 2007). Under a permanent ...