Tax credits are important for businesses aiming to maximize profitability and sustainable growth. Bonus depreciation is a key ...

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 ...

With major provisions of President Trump’s Tax Cuts and Jobs Act of 2017 set to expire this year, there’s increased attention to how much it would cost to extend key portions of the act and how the ...

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire. Bonus depreciation was one of the significant provisions in the ...

U OF M EXTENSION SERVICE With tax season approaching, many farm managers have been asking what tax law changes might impact them as they meet with income tax professionals. Listed below is a quick ...

It’s been following that schedule, as 2025’s bonus depreciation is 40 percent. However, since Donald Trump was the one who made it 100 percent in 2017, there’s a feeling that we may see ...

In the past, Section 179 has gone hand-in-hand with bonus depreciation as valuable tax incentives. This year, changes have been made to Section 179 and bonus depreciation. With the changes ...

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 ...