Upcoming Tax Issues Facing Dealerships That Need To Be Addressed Now
Withum
OCTOBER 18, 2023
The House Ways and Means Committee has introduced a year-end tax bill that would preserve 100% bonus depreciation until the end of 2025. The Qualified Business Income (“QBI”) Deduction Sunsets The QBI is a 20% “off the top” deduction on the income of qualifying businesses and lowers the effective tax rate on this income.
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