Bonus Depreciation
Lower Tax Liability & Keep More Of Your Money
Bonus Depreciation
Bonus depreciation, or first-year depreciation deduction, allows a commercial property owner to deduct much of an eligible asset’s costs immediately. Find out if your business can benefit from bonus depreciation by getting a No-Cost Analysis from CSSI® – Cost Segregation Services, LLC.
CSSI® has performed over 45,000 cost segregation studies and helped commercial property owners save millions of dollars in taxes. Allowing us to perform a cost segregation study on your commercial property will reduce your taxable income, increasing your cash flow today. Contact us to learn how to save more.
CSSI® has performed over
cost segregation studies
Bonus Depreciation - 2017 Tax Cuts & Jobs Act
- Increased bonus depreciation for MACRS property with a recovery period of 20 years or less from 50% to 100% acquired after 9/27/2017 and before 2023. The bonus depreciation rate is then reduced by 20% per year, beginning in 2023.
- Bonus depreciation now applicable to new or used property.
- This means that nearly every component identified as accelerated in a cost segregation study for a building acquired after 9/27/2017 can be fully depreciated in the first year of service..
Qualified Improvement Property
The CARES corrects Congressional oversight in the Tax Cuts & Jobs Act (TCJA) and now defines Qualified Improvement Property (QIP) as 15-year property. Any Qualified Improvement Property acquired and placed in service after 9/27/2017 is eligible for 100% bonus depreciation.
Impact: You can now retroactively apply bonus depreciation to Qualified Improvement Property. This generates cash flow now to help address your cash flow needs.
Allowing us to perform a cost segregation study on your commercial property will reduce your taxable income, increasing your cash flow today. Contact us to learn more.