When Did 100 Bonus Depreciation Start? - AssetsandOpportunity.org
When Did 100 Bonus Depreciation Start? In this informative video, we will discuss the concept of bonus depreciation and its impact on businesses. We will cover the history of bonus depreciation, specifically focusing on the Tax Cuts and Jobs Act (TCJA) passed in 2017, which changed the rules for how businesses can depreciate their assets. You will learn about the timeline of 100% bonus depreciation, including when it started and how it phased out over the following years. Additionally, we will clarify how this tax incentive has encouraged business investments by allowing companies to write off the entire cost of assets in the year they were purchased. Understanding these tax benefits is essential for business owners looking to make informed financial decisions. We will also highlight the importance of consulting with a tax advisor to ensure compliance and maximize potential deductions. Join us for this valuable discussion, and subscribe to our channel for more content related to wealth building and tax strategies. 🔗Subscribe: http://www.youtube.com/@AssetsandOppo... #️⃣#BonusDepreciation #TaxCutsAndJobsAct #BusinessTax #TaxStrategies #WealthBuilding #AssetDepreciation #TaxIncentives #InvestmentTax #TaxPlanning #SmallBusiness #FinanceTips #TaxAdvisor #BusinessFinance #Deductions #TaxBenefits #FinancialEducation 👥 About Us: At Assets and Opportunity, we cover a broad range of topics from essential investment principles to innovative entrepreneurial ventures, and everything in between. Our goal is to equip you with the knowledge and tools you need to knowledge on opportunities and enhance your financial acumen. Disclaimer: Assets and Opportunity does not guarantee the accuracy or timeliness of any information on this channel. Information found on this YouTube Channel is strictly for informational, educational purposes and does not construe legal, financial or medical advice. Use at your own risk. Advertising and Affiliate Marketing Disclaimer: Some links in this video description may be affiliate links. This means if you click on the link and purchase an item, Assets and Opportunity may receive an affiliate commission. This is at no extra cost to you, and it helps us to continue providing valuable content. Our content, including the advice provided, is independent and not influenced by any advertiser or commercial initiative.
