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News & Announcements
As the race for the presidency in 2020 is heating up, we are hearing many new ideas and new plans for the direction of the country. And of course, tax plans are no exception.
First-year bonus depreciation has been around for a while now. However, the Tax Cuts and Jobs Act (TCJA) set forth more-generous, but temporary, rules for 2018 through 2026. Recent IRS guidance gives you additional flexibility to fine-tune the bonus depreciation break to suit your specific business and personal tax circumstances. Here’s what you need to know.