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Why the TCJA Packs Even More Depreciation Punch

July 16, 2019

The Tax Cuts and Jobs Act (TCJA) combines powerful enhancements for the Section 179 “expensing” and “bonus” depreciation deductions. That’s an effective 1-2 punch that’s hard to beat. Given the TCJA's impact on deductions, there’s a good chance that your small business clients can immediately deduct every penny of the cost of business property placed in service in 2019. Read more at AccountingWeb.