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Tax Cuts and Jobs Act - Updates for Business Owners

Business Insights

For Business owners with Capital Expenses, the Tax Cuts and Jobs Act (TCJA) made significant updates to the way businesses are able to write off their investments, moving to 100 percent bonus depreciation or "full expensing." Full-expensing allows a businesses to fully and immediately deduct capital investments, instead of stretching deductions over many years.

For more information, check out the Tax Foundation's article.





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