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 ...

Bonus depreciation is a pro-taxpayer measure Congress enacted in the early 2000s to reward businesses for investing in new property. It allows taxpayers to immediately deduct a certain percentage of ...

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 ...

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 ...

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 ...

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, ...

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 ...