Bonus Depreciation
A tax incentive under U.S. tax law that allows businesses to deduct all or a large portion of an asset's acquisition cost in the year of purchase. Introduced by the Tax Cuts and Jobs Act of 2017, the provision is designed to encourage corporate investment in fixed assets by accelerating the timing of depreciation deductions.
Timeline (last 90 days)
The Bonus Depreciation provision introduced by the Tax Cuts and Jobs Act of 2017 allows companies to deduct 100% of the acquisition cost of qualifying tangible assets in the year of purchase.
The Bonus Depreciation policy was originally scheduled to phase down after 2022, decreasing by 20 percentage points per year.
All Facts (2)
The Bonus Depreciation provision introduced by the Tax Cuts and Jobs Act of 2017 allows companies to deduct 100% of the acquisition cost of qualifying tangible assets in the year of purchase.
50%UnverifiedThe Bonus Depreciation policy was originally scheduled to phase down after 2022, decreasing by 20 percentage points per year.
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