Search
Get Ready for Phase-Out of Bonus Depreciation
Given Congress’ recently updated rules on the first-year bonus depreciation of equipment, it’s important for businesses, especially leasing and other equipment-heavy companies, to be planning for next year.
And the year after next.
StartFragment
And the year after that.
In a nutshell, Congress late last year passed a package of tax extensions. One of the most important was the extension, toward an ultimate phase-out, of bonus depreciation over the next three years. The change, included in the Protecting Americans from Tax Hikes (PATH) Act of 2015, makes it crucial for businesses to plan their asset acquisitions, and related depreciation deductions, carefully in the next three years.StartFragment