New Tax Law Allows 100% Depreciation

New Tax Law Allows 100% Depreciation

The Tax Cuts and Jobs Act not only increases expensing limits under IRC Section 179, but temporarily increases 50% bonus depreciation to 100%. Unlike Section 179 expensing, bonus depreciation was made retroactively so that taxpayers purchasing qualifying assets in late 2017 may be able to benefit fr...

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Veröffentlicht in:The Journal of corporate accounting & finance 2018-04, Vol.29 (2), p.169-174
1. Verfasser: Dennis‐Escoffier, Shirley
Format: Artikel
Sprache:eng
Schlagworte:
Corporate tax planning
Cost recovery
Depreciation
Tax Cuts & Jobs Act 2017-US
Tax legislation
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Beschreibung
Zusammenfassung:The Tax Cuts and Jobs Act not only increases expensing limits under IRC Section 179, but temporarily increases 50% bonus depreciation to 100%. Unlike Section 179 expensing, bonus depreciation was made retroactively so that taxpayers purchasing qualifying assets in late 2017 may be able to benefit from the faster write-off on their 2017 tax returns. These changes are very good news for taxpayers.
ISSN:1044-8136
1097-0053
DOI:10.1002/jcaf.22340