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U.S. Final Regulations on Additional First Year Depreciation Deduction Under Section 168 and Additional Proposed Regulations

20 September 2019

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Approved Changes

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United States

The U.S. IRS announced the release on 13 September 2019 of final regulations and additional proposed regulations on the additional first year depreciation deduction under Section 168, which was introduced as part of the Tax Cuts and Jobs Act. The regulations are scheduled to be published in the Federal Register on 24 September 2019. Treasury, IRS release final and proposed regulations on new 100% depreciation WASHINGTON — The Treasury Department and the Internal Revenue Service today released final regulations and additional proposed regulations under section 168(k) of the Internal Revenue Code on the new 100% additional first year depreciation deduction...