Directory EmpireListing Details
ID:34102
Title:How Commercial Property Owners Can Use Bonus Depreciation To Reduce Income Taxes
URL:https://www.expertcostseg.com/blog/bonus-depreciation-to-reduce-income-taxes
Category:Business: Business Services
Description:ommercial Property Owners May Use Bonus Depreciation To Significantly Reduce Income Taxes. bonus depreciation equals large tax savings for commercial property owners Cost Segregation is not a new concept, but provisions contained within the Tax Cuts and Jobs Act of 2017 have ignited interest and turbo-charged the positive impact significantly. The point source for these changes? Bonus Depreciation! Let’s take this a step at a time and start with a basic question. What is depreciation? Simply put, depreciation is an accounting tool which allows a portion of your asset value to be deducted each year from your generated income, thereby reducing your net income and resulting federal tax burden.
Meta Keywords:Property Tax Reduction Experts
Meta Description:ommercial Property Owners May Use Bonus Depreciation To Significantly Reduce Income Taxes. bonus depreciation equals large tax savings for commercial property owners Cost Segregation is not a new concept, but provisions contained within the Tax
Link Owner:expertcost