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Income Tax Planning
Chapter 10: Basis Rules, Depreciation, and Asset Categorization/BONUS DEPRECIATION
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Chapter 10: Basis Rules, Depreciation, and Asset Categorization

BONUS DEPRECIATION

01.Core Concepts

• Up to 40% bonus depreciation available on new or used equipment put into use in 2025. • For years prior to 2023, when bonus depreciation was 100%, the entire cost could be deducted in the year it was placed in service. * OBBBA returns bonus depreciation to 100% for property acquired after January 19, 2025.