Does the stress of last-minute Christmas shopping and your impending tax bill get you down? Well, perk up because we have a tax break that can help you out:

Bonus Depreciation!

Bonus Depreciation allows businesses to deduct a larger portion of the cost of new equipment or property when filing taxes. This can mean thousands of dollars in savings for businesses, and it’s a major incentive for investing in new equipment or property. Been kicking around the idea of updating your business vehicle, now is the perfect time.

But that’s not all! Bonus Depreciation also comes with a few fun perks. For instance, businesses can now claim depreciation on items like office furniture, computers, and even office plants! Who knew filing taxes could be so much fun?

Plus, there’s no need to worry about the IRS coming after you if you forget to deduct something — Bonus Depreciation is automatically applied to all new purchases. That means you can spend more time doing the things you love and less time worrying about taxes. So, take advantage of this exciting tax break and start saving money today!

 

*As always, these tax strategies should be discussed with a qualified tax preparer, tax accountant, or tax attorney before being implemented.*