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.

Previous Post
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: