On the right path – Adjustments to depreciation rules

Description

Abstract: The PATH Act of 2015 significantly changed two depreciation tax breaks — Section 179 expensing and bonus depreciation — in ways that are favorable to many companies. Although the new rules are somewhat complicated, this article explains how professional accounting advice can help many businesses benefit from these changes in planning their investments in depreciable assets. A sidebar discusses how the act affects the Work Opportunity credit.