Tax Framework Released: Tax Relief for American Families and Workers Act of 2024
Withum
JANUARY 16, 2024
The framework would extend 100 percent bonus depreciation for qualified property placed in service after December 31, 2022, and before January 1, 2026. For property place in service after December 31, 2025, and before January 1, 2027, bonus depreciation would remain at 20%. For the 2023 taxable year, a 179 expense of $1.16
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