October 10, 2022
Tax Director Joseph Mecagni’s most recent article for the Mann Report reminds taxpayers that real estate assets must be placed into service by December 31 to receive the 100% bonus depreciation deduction.
Mann Report
By Joseph Mecagni, Director, Tax & Business Services
Excerpt:
The 100% bonus depreciation deduction will be phased down starting in 2023 and will be eliminated after 2026 unless Congress acts to continue it.