The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The Tax Cuts and Jobs Act (TCJA) expanded the deduction to 100% if the qualified property is placed in service through 2022, with the amount dropping each subsequent year by 20%, until it sunsets in 2027.
At VonLehman, our Financial Institutions Service Team offers your internal management team specific, cost-efficient, strategic solutions that will assist your organization in remaining competitive, improving profitability and realizing its full growth potential. As CFSA certified specialists in the internal audit needs of privately-held financial institutions, the VonLehman team has the knowledge and expertise required to assist you in reaching your institutions’ goals, no matter how ambitious or complex.
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