Year-End Tax Planning Strategies for Businesses to Prepare for 2024Â
Anders CPA
NOVEMBER 21, 2023
First-year bonus depreciation was previously always set at 100% but began sunsetting in 2023 and will continue to decrease by 20% each year until it eventually reaches zero in 2027. They should then consult a tax professional to accurately determine if they qualify for QBI and any specific deductions or credits associated with it.  
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