Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Bonus Depreciation Expires This Year

Posted by taxguru on November 13, 2004

Oops.  With all of the recent changes in the rules and amounts for depreciation and Section 179 deductions, it slipped by me when Kleinrock gave its analysis of the potential deductions for new business SUVs in 2005 that the special 50% bonus depreciation deduction was one thing that our rulers in DC didn’t extend; so it will not be available in 2005. Kleinrock issued a correction in its most recent Federal Tax Bulletin. 

 

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