Small Business Unprepared For Wallop Of 2017 Tax Cut Expiration
Chief Executive
JUNE 22, 2023
Here’s how the guts of the law are scheduled to come undone: • For this year: “Bonus depreciation,” the accelerated deducting of the purchase price of certain assets, was 100% for the past five years. And it’s simply going away in 2025. This year, it drops to 80%, with further annual declines of 20% drop until it’s gone entirely. •
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