Topics: Bonus Depreciation
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Bonus Depreciation With a Net Operating Loss
Electing bonus depreciation during a net operating loss year can backfire at the state level. Learn when to elect out and how Ohio’s rules…
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One Big Beautiful Bill Act: Impact on U.S. Energy Projects
The One Big Beautiful Bill Act imposes new tax credit deadlines, FEOC restrictions, and fossil fuel incentives that reshape U.S. energy project development starting…
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Bonus Depreciation 2025: 100% Write-Off Permanently Restored
The OBBBA permanently restores 100% bonus depreciation for property acquired after Jan. 19, 2025, and raises Section 179 limits to $2.5M.
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Pass-Through Entity Tax: GAAP Reporting and Planning
How pass-through entity tax elections work under GAAP, including ASC 740 vs. distribution treatment and the new SALT cap’s impact.
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Section 179 Deduction: Rules, Limits, and What Qualifies
Section 179 lets businesses write off qualifying equipment and property costs in year one. Learn the rules, limits, and eligible assets.
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Year-End Tax Planning: How to Cut Your Tax Bill Now
Year-end tax planning can lower your business and individual tax bill. Use this checklist of deductions, credits, and strategies before December 31.
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Section 179 Deduction: Turn Asset Purchases Into Tax Breaks
The Section 179 deduction lets businesses expense qualifying asset purchases immediately instead of depreciating them, reducing taxable income that year.
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Section 179 and Bonus Depreciation
The Section 179 deduction lets businesses immediately expense qualifying fixed-asset purchases. Learn how Section 179 and bonus depreciation work and what the current limits…
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Bonus Depreciation Under the PATH Act: 2015 Tax Guide
Bonus depreciation under the PATH Act let businesses claim 50% first-year deductions on qualified property placed in service in 2015. Learn which assets qualified…
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Vehicle Depreciation Deduction Limits
Learn the IRS vehicle depreciation deduction limits for passenger automobiles, trucks, and vans, including annual caps and bonus depreciation rules.