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Tax Cuts and Jobs Act of 2017 Bonus Depreciation Considerations

February 14, 2018


Most taxpayers and tax practitioners view bonus depreciation in a straightforward manner. If an asset is placed-in-service between certain dates, it is eligible for that period’s bonus depreciation. With the passage of the Tax Cuts and Jobs Act, Public Law No. 115-97 (TCJA), and the expansion of property eligible for bonus depreciation at a higher rate of 100%, practitioners should revisit the basic eligibility requirements for bonus depreciation. Today, we will look at the most basic requirements: (1) the placed-in-service requirement; and, (2) the acquisition requirement. We will finish with a discussion of what qualifies and doesn’t qualify for bonus depreciation going forward under the TCJA. Click here for the full article.





















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