Finance, Taxes, Insurance
IRS Finalizes Regs for 100 Percent Bonus Depreciation
The IRS has released final regulations that spell out bonus depreciaton rules for most depreciable business assets, including business jets.

The U.S. Internal Revenue Service (IRS) has released the last set of final regulations implementing the 100 percent additional first-year depreciation deduction that allows companies to write off the cost of most depreciable business assets, including business aircraft, in the year they are placed in service. These final regulations further clarify the increased deduction that initially went into effect in 2017 and expand the qualified property that are placed in service after Sept. 27, 2017 and before Jan. 1, 2027 (Jan. 1, 2028, for certain aircraft).


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