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December 12, 2022
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Does special bonus depreciation end 2022?

  • December 12, 2022
  • 2 replies
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Does special bonus depreciation end in 2022?

    Best answer by Anonymous_

    It starts to phase out after December 31, 2022.

    2 replies

    Employee
    December 12, 2022

    It starts to phase out after December 31, 2022.

    December 12, 2022

    remenber tax laws can always be changed - sometimes at the last momnet

    here's the phaseout per presentlaw

    (i)in the case of property placed in service after September 27, 2017, and before January 1, 2023, 100 percent,
    (ii)in the case of property placed in service after December 31, 2022, and before January 1, 2024, 80 percent,
    (iii)in the case of property placed in service after December 31, 2023, and before January 1, 2025, 60 percent,
    (iv)in the case of property placed in service after December 31, 2024, and before January 1, 2026, 40 percent, and
    (v)in the case of property placed in service after December 31, 2025, and before January 1, 2027, 20 percent.