According to Internal Revenue Service, "This special bonus depreciation allowance is available to all businesses and applies to most types of tangible personal property and computer...
History of the Bonus Depreciation LawUnder the previous law regarding bonus depreciation, a specified percentage of the cost related to acquiring a qualifying asset used to be deducted....
The biggest news about the Tax Cuts & Jobs Act (TCJA) that was recently passed by the U.S. Congress is that it has special deductions for business owners. If you have a partnership,...