Why 2026 Is Becoming A Make-Or-Break Year For Depreciation Planning

Bonus depreciation lets businesses immediately deduct the full cost of qualifying assets, such as property with a tax life of 20 years or less, when placed in service. The OBBBA permanently restored ...
JD Supra

Depreciation deductions in real estate companies

At the beginning of 2022, provisions were introduced into the CIT Act limiting the amount of tax depreciation deductions in real estate companies. According to Article 15(6) of the CIT Act, ...
CCJ

Lawmakers seek to phase out bonus depreciation

Bonus depreciation appears on the brink of both a five year extension and extinction, as part of a more than $600 billion tax package that snuck out of the Senate late Tuesday night. The provision ...
Agri-Pulse

Congressional deal expands Section 179 tax break

A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers. The deal also would restore a ...
Agri-Pulse

High-stakes battle over tax policy begins with key expensing provisions at stake

House Ways and Means Committee Chairman Jason Smith, R-Mo., center left, talks with Rep. Adrian Smith, R-Neb., center right, during an April 2023 committee hearing. (AP Photo/Kevin Wolf) Two tax ...
The Blood-Horse

Keyword: depreciation

The National Thoroughbred Racing Association is teaming up with Dean Dorton, a Top 100 CPA and advisory firm, to host a deep dive webinar on the One Big Beautiful Bill Act and its tax implications ...