New Business Tax Reform - Bonus Depreciation

New Business Tax Reform - Bonus Depreciation

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Bonus Depreciation Percentage Expanded

DALLAS, Dec. 21, 2017 /PRNewswire/ -- As part of The Tax Cuts and Jobs Act ("Tax Act"), expected to be signed by President Trump now that it has been sent for his signature, several favorable changes in tax depreciation have been enacted. This Ryan alert focuses on the bonus depreciation changes. 

A few notable provisions include the expansion of bonus depreciation to 100% for property acquired after September 27, 2017 and placed in service before December 31, 2022. In addition, for the first time, bonus depreciation also applies to "used" property purchased by a taxpayer. In other words, the property no longer needs to be first original use to qualify for bonus depreciation as long as it is "new" to the taxpayer.

Please note the following chart that was included in the Conference Agreement for the Tax Act.  Companies will need to carefully track when the property was originally acquired for application to the new rules (not just placed in service).  

Careful review of the classification of fixed assets from 2017 and before is even more critical with the decrease in tax rates starting in 2018. 

To access a recording of Ryan and Bedford's December 14, 2017 webinar on the benefits of a fixed asset review/cost segregation study for 2017, go to:

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Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. The Firm provides an integrated suite of federal, state, local, and international tax services on a multi-jurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a five-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 14,000 clients in more than 45 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at "Ryan" and "Firm" refer to the global organizational network, and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.

Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the sixth largest corporate tax practice in the United States. (PRNewsFoto/Ryan)


Allea Newbold

Greg K. Bryant
Managing Partner
Bedford Cost Segregation
603.641.2600 ext. 302 


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