What to Consider Before Claiming First-Year Depreciation Deductions for Qualified Improvement Property (QIP)

First Year Depreciation Deduction Image

Claiming significant first-year depreciation tax deductions for eligible real estate expenditures may be an option for your business, allowing you to accelerate deductions rather than spreading them out over multiple years. However, this decision is not as straightforward as it may appear, as there are important factors to consider. Qualified Improvement Property (QIP) For assets

Two Tax Strategies for Maximizing Depreciation Deductions

You may benefit from the Section 179 depreciation tax deduction for business property if your business needs to buy equipment and other depreciable property.

First-Year Bonus Depreciation for QIP: Is it Better than 15-Year Depreciation?

Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property and first-year bonus depreciation.