Phaseout Begins for Bonus Depreciation Dec. 31, 2022

hotel, bonus depreciation, finance

100% bonus depreciation will begin to phase out after December 31, 2022 and will phase out by 2027. The current law, passed under the Tax Cuts and Jobs Act of 2017 gives business’s the option to depreciate a larger percentage of qualified assets from their taxes in the first year the asset is placed in […]