The Dominion Group reposted this
Under the Tax Cuts and Jobs Act, bonus depreciation allowed immediate deductions of eligible business assets, but changes are underway. In 2023, the deduction drops from 100% to 80%, altering the cost of investments and acquisition timing. But why does this matter? Bonus depreciation turbocharges your cash flow and cost recovery, but with reductions ahead, strategic planning is essential. Engage with lawmakers to support H.R.7024, crucial for maintaining real estate investment competitiveness and economic growth. Read our latest blog: 'Bonus Depreciation is Going Away... Here's What You Can Do About It' to learn more: https://loom.ly/fWjpG78 #dominionfinancial #bonusdepreciation #taxlaw #taxchanges #taxseason #realestate #realestateinvestor
