Claiming the Bonus Depreciation Deduction On Your 2017 Tax Return

  With the bonus depreciation deduction, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, created new bonus depreciation rules enhancing the deduction. Typically, taking this break is beneficial. But in certain situations, … Continue reading “Claiming the Bonus Depreciation Deduction On Your 2017 Tax Return”