Understanding Final Regulations Regarding 100% Bonus Depreciation for Qualified Property
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December 2019 The Internal Revenue Service and the Treasury Department have issued final regulations and proposed regulations regarding 100% bonus depreciation. The final regulations confirm regulations issued in August 2018 in accordance with the Tax Cuts and Jobs Act (The Act), including those allowing for a 100 percent deduction against income for certain qualified property acquired after September 27, 2017 and placed in service through December 31, 2022. View the full article here.
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