U.S. IRS Finalizes Regulations for 100% Bonus Depreciation

The U.S. IRS has announced the release of the last set of final regulations for the implementation of the 100% additional first year depreciation deduction that was introduced as part of the Tax Cuts and Jobs Act. The regulations will be submitted to the Office of the Federal Register for placement and official publication.

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IRS finalizes regulations for 100 percent bonus depreciation

IR-2020-216, September 21, 2020

WASHINGTON — The Treasury Department and the Internal Revenue Service…