Please ensure Javascript is enabled for purposes of website accessibility

Barbara Weltman

Big Ideas for Small Business, Inc.

eBook cover, 150+ Tax Deductions for Small Business A to Z

Subscribe and download for Free our newly-updated eBook, "150+ Tax Deductions for Small Business A to Z" Revised to reflect changes in the One Big Beautiful Bill

This field is hidden when viewing the form
Get the:

Proposed Regulations on Bonus Depreciation?

/ By

The IRS announced it intended to issue proposed regulations on bonus depreciation as modified by the One Big Beautiful Bill Act. This law restored 100% deduction for property placed in service after January 19, 2025 (including specified plants planted or grafted after this date). Proposed regs will make it clear that taxpayers can opt to use the 40% rate (the rate applicable before January 20, 2025) for the entire year and start using the 100% rate in 2026. The proposed regs would also address expensing for recording productions in tax years ending after July 4, 2025. #IdeaoftheDay

Check out today’s new blog post!