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Tax Deductions Bonus Depreciation Section 179 Property

McCarter & English, LLP

What OBBBA Means for Businesses: Key Takeaways

On July 4, 2025, President Trump signed into law the legislation commonly referred to as the One Big Beautiful Bill or OBBBA, which includes several changes to the federal income tax treatment of trade or business activities....more

White and Williams LLP

FOURTH QUARTER ALERT: 100% Bonus Depreciation Deduction Expires December 31, 2022

White and Williams LLP on

As we move into the final quarter of 2022, it is critical to take note of an expiring tax benefit in the Tax Cuts and Jobs Act (TCJA). Passed in 2017, it allows for 100% bonus depreciation on a wide variety of capital assets...more

Spilman Thomas & Battle, PLLC

Maximizing Profits: How the Tax Cuts and Jobs Act Can Benefit the Construction Industry

The Tax Cuts and Jobs Act (the “Act”), signed by President Trump on December 22, 2017, changed the manner in which taxpayers can approach the overall structure of their businesses. The Act includes multiple provisions that...more

Bowditch & Dewey

Bonus Depreciation: What You Need to Know for Your Business

Bowditch & Dewey on

Since 2002, bonus depreciation under the Job Creation and Worker Assistance Act has been allowed in some form. Bonus depreciation allows for more current expensing for eligible property than allowed under the current...more

Lowndes

How the Tax Cut and Jobs Act Impacts Expensing and Depreciation (For the Better)

Lowndes on

Last month, President Trump signed into law the much publicized Tax Cut and Jobs Act. In part of our ongoing series discussing the changes made by the Act, the following discusses key changes made to the expensing and...more

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