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Bonus Depreciation Increase

How to take advantage:

  • Increased to 100% until 2023, then phases down 20% per year after that
  • Applies to old property and used property

Transcript

Ken Weissenberg:

One big thing is the bonus depreciation was increased to 100% until 2028 and then it phases down 20% a year after that. That applies not only to, two, old property, but three, it also applies to used property.


Kenneth Weissenberg CPA, Tax Partner in Real Estate Services, is experienced in tax saving strategies and negotiating sales and acquisitions. He represents owners of some of the most well-known real estate properties in New York City.

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