Bonus Depreciation

The tax law allowing 50% bonus depreciation is set to expire after 2013.   Companies using this break can write off one-half of the cost of new assets with useful lives of 20 years or less.  In certain situations, leasehold improvements also qualify, which could be a large break.  With all the gridlock in Congress, this break may not be revived for 2014, so if you can, put assets into service by December 31, 2013.