Remove 2026 Remove accounting principles Remove business tax Remove tax planning
article thumbnail

What is Qualified Improvement Property and its depreciation method?

ThomsonReuters

Starting from tax years beginning after December 31, 2022, the 100% bonus depreciation deduction will gradually decrease by 20% each year until it reaches a complete phase-out by the end of the 2026 calendar year. By 2026, the bonus depreciation decreases to 20%.