Independence Day legislation includes permanent full expensing for new and used aircraft in business operations.

While much of the budget reconciliation bill remains unsettled, at least one element could greatly benefit commercial real ...

Bonus Depreciation, A Brief History; Legislation: Notes: Job Creation and Worker Assistance Act (2002) • Introduced bonus depreciation • Let companies deduct 30% of the cost of eligible assets ...

Accelerated depreciation allows businesses to write off the cost of an asset more quickly than the traditional straight-line method. This can provide asset owners with potentially valuable tax ...

According to Daniel Cheung, the principal and co-founder of Aviation Tax Consultants, it’s possible that Congress will renew bonus depreciation benefits or even make them permanent in 2025 ...

Discover how to calculate rental property depreciation with this step-by-step guide, including IRS rules, depreciation methods, and tips to maximize tax benefits for real estate investors.