Tax Cuts and Jobs Act - Depreciation
This handout contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on depreciation changes clients are likely to be interested in. Information includes the Section 179 deduction, special (bonus) depreciation, luxury automobiles, and qualified improvement property.
Section 179 deduction.
Special (bonus) depreciation.
Qualified improvement property.
Farming equipment and machinery.
CLIENTS WHO MAY BENEFIT: