2024 Depreciation: Guide to Capitalizing Tangible Property

Overview

This presentation highlights the latest legislative changes affecting depreciation and capitalization rules, including inflation increases and Section 179 and 168(k) deductions.  Planning and potential pitfalls will also be presented. 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Highlights

• Recent tax legislation, rules and developments related to capitalization and depreciation
• Qualified improvement property
• Section 179, including inflation adjustments
• Section 168(k) 100% bonus deduction
• Depreciation of automobiles, including new luxury auto limits
• ADS depreciation for electing farm and real estate business
• Update on recent developments

Prerequisites

Basic working knowledge of tax depreciation

Designed For

CPAs in public practice and members in industry seeking to better understand the ever-changing depreciation rules

Objectives

• Identify the latest legislation and regulations regarding depreciation and capitalizing business assets

Preparation

None