When bonus first-year depreciation deductions end at the close of 2004, so will the extra first-year dollar limit for autos, light trucks and vans subject to the luxury auto rules. Under the basic ...

The combination punch of Section 179 expensing and bonus depreciation may now be used more effectively than ever, by more small businesses, thanks to the expanded benefits provided under the Jobs and ...

At the beginning of 2022, provisions were introduced into the CIT Act limiting the amount of tax depreciation deductions in real estate companies. According to Article 15(6) of the CIT Act, ...

In an effort to stimulate the economy by encouraging business purchasing in 2009, the American Recovery and Reinvestment Act extended the capital investment incentives passed as part of the 2008 ...

DEPRECIATION OF LUXURY CARS requires careful analysis due to recent tax law changes. OPTIMIZATION OF LUXURY-VEHICLE DEPRECIATION demands thoughtful analysis of the IRC section 179 expense allowance, ...

With his first budget proposal of his second term, President Donald Trump and congressional Republicans hope the expansion of a tax break known as a bonus or special depreciation allowance will spur U ...

The Congressional Research Service published a report on July 15, 2013 on bonus depreciation and expensing allowances. The report is available here.The report is lukewarm at best as to the economic ...

On May 22, the U.S. House of Representatives narrowly passed a comprehensive reconciliation bill, H.R. 1—called the One Big Beautiful Bill Act—that includes significant proposed tax changes and ...

Most tangible assets lose value over time. Equipment wears out, buildings require regular maintenance and upkeep, and computers become obsolete. To reflect the steady loss of value in capital assets, ...

A U.S. district court in Louisiana held that buildings to be used as retail stores did not have to be open for business to the public to have been placed in service for depreciation purposes. As a ...