Feds Continue to Phase Down Bonus Depreciation Over the Next Two Years

EDITOR’S TAKE:

Study this chart carefully. It clearly shows the current path of phasing out bonus depreciation under section 179 of the IRS code. Businesses and farmers/ranchers have relied on this tax program to lower their taxes for the past several years. As you can see from the chart, now is the time you should be strongly communicating that this year is better than waiting another year to use this tax planning tool. Waiting only lowers the amount that is eligible. Don’t hesitate – get the word out now!