General Tax Strategies for Business Owners 2021
Special 100 Percent Bonus Depreciation—Under the TCJA, businesses are able to deduct 100% of the cost of new OR used business assets purchased and placed in service beginning on September 27, 2017. if they have a useful life of 20 years or less. The 100% deduction is only available through 2022 and is phased down … Continued