The law restored permanent 100% additional first-year depreciation for qualifying property acquired after January 19, 2025, subject to the applicable rules. Acquisition and placed-in-service dates matter.
A large deduction is not the same as a free purchase. Review business use, cash flow, elections, and state treatment before buying equipment primarily for a tax write-off.
Your next steps
- Keep purchase and delivery records.
- Document when the asset began business use.
- Compare depreciation options before filing.
General education, not individualized tax or legal advice. Illustrations use stated assumptions and do not promise a refund or tax saving.
Make this relevant to your situation.
ML Taxes & Accounting can review your income, records, and goals before you make a tax decision.
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