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

At some 940 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, ...

After allowing businesses to deduct 100% of qualified asset costs in the year of acquisition through 2022, the benefit began ...

Owner-operators' standard per-diem deduction got a boost for the 2025 tax year, while options for depreciating equipment have narrowed back to tried-and-true practices.

The Tax Cuts and Jobs Act of 2017 originally established 100 percent bonus depreciation for qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023.

Learn what depreciation means, what it's used for, ... Both methods, however, are used to reduce the value of assets for a business, which lowers the company’s tax burden.

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 ...

Depreciation spreads the cost of tangible assets over their useful life on income statements. Each year, $1,500 is recorded as a depreciation expense, reducing the asset's book value. Amortization ...

Bonus Depreciation: Allows businesses to deduct a significant portion of an asset’s cost in the first year. However, it’s ...

For example, if you purchase a vehicle for $10,000 with a residual value of $8,000, and your local sales tax rate is 8 percent, you'll pay $640 in sales tax, or $8,000 x 0.08 = $640. Advertisement ...

Temporary versions of bonus depreciation schedules, such as the one in Tax Cuts and Jobs Act, appear to be low-cost, since revenues are higher in future years as firms can no longer take a larger ...

For passenger vehicles for which Sec. 168(k) additional first-year, or “bonus,” depreciation is applied, the limitation is $20,200 for the first tax year, a decrease of $200 from the 2024 amount. The ...