Side-by-Side Analysis: Section 179 vs Bonus Depreciation Differences That Matter The section 179 vs bonus depreciation decision is one of the most consequential depreciation choices a business owner faces when filing a federal tax return. Both provisions allow businesses to accelerate the deduction of qualifying asset costs rather than recovering those costs gradually through standard […]
Shifting Tax Law Ahead: Future of Bonus Depreciation at a Glance The future of bonus depreciation directly affects how much businesses owe the IRS. Under current law, the 100% bonus depreciation deduction that was available through 2022 has been phasing down — and if Congress does not act, it may disappear entirely by 2027. If […]