As we enter the beginning of 2025, bonus depreciation continues to leverage down as more portions of the Tax Cuts and Jobs Act expire. Bonus depreciation was one of the significant provisions in the ...
A client calls with a question: "I just bought a warehouse and spent $250,000 improving it. Can I deduct all of that this year?" If the improvements were placed in service after Jan. 19, 2025 — and if ...
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