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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description	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.
doi_str_mv	10.1002/jcaf.22340
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source	Wiley Online Library - AutoHoldings Journals; EBSCOhost Business Source Complete
subjects	Corporate tax planning Cost recovery Depreciation Tax Cuts & Jobs Act 2017-US Tax legislation
title	New Tax Law Allows 100% Depreciation
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