What Is Bonus Depreciation 2025 Tax . Bonus Depreciation Definition, Examples, Characteristics Starting January 1, 2024, businesses can only deduct 80% of the cost of eligible assets upfront The one major business-related tax cut that was made temporary is bonus depreciation—that is the ability for businesses to immediately deduct 100% of the cost of new eligible assets in the year.
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Under current law, this 20% annual phase-out will continue until reaching 0% in 2027 The remaining 20% is spread out over the asset's useful life
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