“Exploring the Potential Return of Bonus Depreciation: Unpacking the Tax Relief for American Families and Workers Act”
The anticipated phase-out of the 100% bonus depreciation by the close of the 2020s has taken a turn with the passing of the Tax Relief for American Families and Workers Act in 2024. This act seems to provide a lifeline for bonus depreciation and other additional benefits to continue. Unpack what’s important in this legislation next, but let’s not mention the source of the information.