Article

New Proposed Regulations On “Bonus” Depreciation

---

Abstract

The Tax Cut and Jobs Act 2017 (TCJA 2017) amended I.R.C. § 168(k) to continue the additional first year depreciation deduction, also known as “bonus” depreciation, at 100 percent for qualified property placed in service after September 27, 2017 and before January 1, 2023. After 2022, the additional depreciation is reduced to 80 percent for property placed in service in 2023, 60 percent for property placed in service in 2024, 40 percent for property placed in service in 2025, 20 percent for property placed in service in 2026.

How to Cite:

Achenbach, R. P., (2018) “New Proposed Regulations On “Bonus” Depreciation”, Agricultural Law Digest 29(19), 145–147.