ATLANTA — With the 2017 Tax Reform Act now the law of the land, we have fresh clarity on how investing in capital goods will be handled. In addition to lower tax rates for many companies, the opportunities to capture immediate benefits from investment in new equipment have significantly increased in 2018.
Key to that insight is the concept of bonus depreciation. Bonus depreciation originated during the economic crisis as an incentive for businesses to invest in new equipment by allowing depreciation deductions to be partially or fully captured in the tax year of purchase, rather than over the useful life of the equipment. With the 2017 tax reform, these incentives have been expanded. Here’s how:
2018 Changes
The most significant changes in bonus depreciation are…
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From CSP Daily News