Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, ...
The post Bonus Depreciation Phase-Down Reshapes Tax Planning appeared first on Self Employed.
The bonus depreciation phase-out may impact manufacturers who regularly make large-ticket capital equipment purchases and have relied on bonus depreciation to lower their taxes. For the last five ...
Bonus depreciation is a tax incentive allowing immediate, accelerated depreciation for eligible aircraft purchases, currently at 60% for assets acquired by December 31, 2024, as part of a scheduled ...
Tax professional Jared Asumendi has a sizable clientele in agriculture. Lower bonus depreciation is among the challenges that tax professional Jared Asumendi’s agricultural clients face this year. The ...
One of the more robust tax incentives over the past several years has been Bonus Depreciation. This tax provision allowed companies to accelerate depreciation on purchased equipment to the year it was ...
Depreciation is key in maximizing asset ROI, while minimizing the financial impact of acquisition. How companies choose to write down assets over time differs, yet all write-downs follow a ...
A key provision that extends three-year tax depreciation for all racehorses through 2020 was signed into law Dec. 20 by President Donald Trump. The racehorse provision, which received bipartisan ...