However, written into that 2017 Act was a planned phase-out, which begins in 2023. Since minimizing taxes is high on any company’s wish list, those entities that relied on Bonus Depreciation to ...

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 ...

By the calendar, it’s January 2025, but if your business is on a fiscal year, you may still be in 2024 — at least for tax ...

When Congress takes up a second Trump tax cut bill next year, the single most pro-growth policy President-elect Donald Trump ...

Federal tax changes to be enacted in 2025 must reinforce President Trump's mandate by making permanent two provisions from the 2017 Tax Cuts and Jobs Act.

However, 100 percent bonus depreciation started phasing out in 2023. Under current law in 2024, companies are only eligible for 60 percent bonus depreciation, and the policy will fully phase out ...

The taxable base is increasing due to research and experimental (R&E) capitalization, further tightening of the interest expense calculation, and the reduction of the applicable bonus depreciation ...