Most laypersons don’t pretend to know what depreciation is, let alone bonus depreciation, section 179 deductions, etc. That’s what I’m here for - to make it all make sense and help you take advantage of it to the fullest. The PATH Act of 2015 extended a tax provision related to bonus depreciation. Property placed in service in 2016 and 2017 are eligible for 50 percent bonus depreciation while property placed in service in 2018 and 2019 will be allowed 40 % and 30% respectively. This can be a tax savings tool for you - call me to talk about it.
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