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Bonus Depreciation at 100% of Qualified Equipment Cost

News   |    May 2018


This means the full cost of equipment purchases (100%) are tax deductible in the year placed in service.

The bill changing Bonus Depreciation was signed into law by President Trump on December 22, 2017. It is known as H.R.1, aka, The Tax Cuts and Jobs Act.

This is a “birds-eye” view of Bonus Depreciation. Consult your tax professional for a comprehensive understanding.

The Reform extends and modifies bonus depreciation to allow businesses to immediately deduct 100% of eligible property placed in-service after September 27, 2017 and before January 1, 2023.

This means the full cost of equipment purchased are tax deductible in the year placed in service.

There is no cap on the amount that can be depreciated under the provision.