Inside The IRS' Final First-Year Depreciation Tax Regulations

By Daniel Kiely and Minju Kim (October 9, 2020, 6:01 PM EDT) -- On Sept. 21, the U.S. Department of the Treasury and the Internal Revenue Service released a second set of final regulations[1] implementing the 100% additional first-year depreciation deduction under Section 168(k), which allows businesses to fully deduct the cost of most depreciable business assets in the year they are placed in service by the business....

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