Tax Break for Businesses: 100% Bonus Depreciation is Back
The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation. However, its permanent reinstatement under the “One Big Beautiful Bill Act” at 100% further emphasizes its importance. Especially when one …