100% Depreciation Deduction

  • IRS Publishes Section 168(k) Depreciation Regulations

    The IRS last Friday announced the publication of final and proposed regulations for the first-year bonus depreciation deduction, bookending regulations that were proposed last year.   Before passage of the Tax Cuts and Jobs Act, taxpayers could take an additional 50-percent depreciation deduction on qualifying, depreciable business assets the year they were put into service.…