The “Big, Beautiful” Tax Breaks You’ll Get in 2025
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Utilize Cost Segregation and Bonus Depreciation
- Understand bonus depreciation, which allows for accelerated depreciation of assets with a useful life of less than 20 years.
- Conduct a cost segregation study to identify building components that can be depreciated over 5, 7, or 15 years instead of the standard 27.5 or 39 years.
- Aim to allocate 20-30% of a building's value to these shorter-term depreciation schedules to maximize bonus depreciation benefits.
- Use bonus depreciation to deduct the entire allocated amount in year one rather than spreading it over several years, leading to significant tax savings.
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