Additional First-Year Depreciation

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January 1, 1 6 min read Definitions

Additional First-Year Depreciation Section 179 Bonus Depreciation Tax Incentive Business Property Depreciation Allowance Federal Income Tax

Additional first-year depreciation allows for extra depreciation allowances in the acquisition year of specific business properties, as mandated by federal income tax laws. This incentivizes the acquisition of certain types of business property. It is periodically updated by Congress, with varying limits, rates, and qualifying property.

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