Tax Cuts and Jobs Act – New Depreciation and Expensing Rules and Limitations

The Tax Cuts and Jobs Act brings significant tax law changes for the 2018 tax year and beyond. One key area to focus your attention is the new rules and limitations for depreciation and expensing. Key changes include: An increase to the maximum section 179 property deduction A temporary increase to the bonus depreciation deduction Changes to depreciation limitations…

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