Bonus depreciation to decrease in 2023

Currently, your business can deduct 100% of many fixed asset purchases in 2002. Starting in 2023, the amount of current year deduction goes down to 80%. If it is a good idea to buy new fixed assets in 2022, or wait until 2023 depends on your individual situation. If you want to find out more, call our office at (561) 232-2080, (954) 796-4050, (470) 780-4400, or e-mail us at [email protected]