The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s ...

Notice 2026-11 from the IRS provides guidance on the permanent 100% additional first-year depreciation deduction provided by ...

For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles. These limits are updated annually for inflation, based on the automobile component ...

The One Big Beautiful Bill Act (the “Act”) includes significant amendments to bonus depreciation under Section 168(k). The Act permanently reinstated “bonus” depreciation at 100% of the cost of ...

As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire. Bonus depreciation was one of the significant provisions in the ...

The IRS issued higher new depreciation limitations for passenger automobiles, although the increases are smaller than in the previous two years. These limits are updated annually for inflation, based ...

Legislation passed in 2025 can provide significant additional tax savings for individuals who own rental properties or commercial real estate. A basic understanding of 100% bonus depreciation and ...

When businesses buy a large asset for their company, it gets a place as an asset on the balance sheet. But the accounting that happens behind the scenes is much more important than lines on an ...

John McCoy, of Orthman Manufacturing Inc. and President of the Farm Equipment Manufacturers Association, said the Association is among the many agricultural groups urging the Ways & Means House ...

Learn how group depreciation simplifies asset management by pooling similar assets, its benefits, limitations, and why it's ...