Time is Money: Maximize Your Tax Savings with 60% Bonus Depreciation This Year
Aug 01, 2024This year the bonus depreciation rate is at 60% bonus depreciation and it will continue to decrease by 20% each year through 2026. The bonus depreciation rate was 100% for eligible assets placed in service from September 28, 2017, to December 31, 2022. Last year, for 2023, the rate was 80% bonus depreciation.
Why Act Now?
- Maximize Tax Savings: The sooner you purchase, the higher the bonus depreciation rate you secure. Waiting until 2026 to purchase a property means you’ll only capture 20% of the bonus value, which is significantly less than the 60% available this year.
- Optimize Cash Flow: Immediate tax deductions improve your cash flow, providing more capital for reinvestment or other business needs, especially if you are making quarterly estimated tax payments.
- Future-Proof Your Investments: As bonus depreciation rates decline, securing your study now ensures you benefit from the highest possible deductions, cushioning the impact of future rate reductions.
Even at Lower Rates, Cost Segregation Delivers
While the bonus depreciation rate is decreasing, cost segregation studies alone offer substantial benefits. Identifying and reclassifying assets can accelerate depreciation and increase your tax savings, even with lower bonus rates.
Take Action Today
Don’t leave money on the table. The urgency to act is real, and the financial rewards are substantial. Contact us now at 1-888-365-5023 or email us at [email protected] for a no-cost proposal to maximize your 2023 federal income tax savings with cost segregation. Your business's future may depend on it!
Seize this opportunity to enhance your investment returns and secure your financial future.
Contact us to see if COST SEGREGATION is a good fit for your business.
Free 15 minute call to see if you qualify.
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