2024 Tax Depreciation: Review & Update

Monday, February 24, 2025
Webcast or Webinar, Online
10:00AM - 2:00 PM (opens at 9:30 AM) EST
4Credits
Technical Business

Registration is Open

Members
$129.00 Regular Price
Non-Members
$159.00 Regular Price

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$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 24/AC127820
Level: Intermediate
Vendor: ACPEN
Field of Study: Taxes

Overview:

This course will address recent tax legislation, rules, and developments related to capitalization and depreciation; Section 179 and 168(k) 100 % bonus deduction; Depreciation of automobiles, including new luxury auto limits; ADS depreciation for electing farm and real estate business.

**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 [email protected].

Objectives:

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

Major Topics:

  • Recent tax legislation, rules and developments related to capitalization and depreciation
  • Capitalization of tangible property, including materials and supplies, building and improvements
  • Small taxpayer safe harbor
  • Section 179, including 2020 inflation adjustment
  • Section 168(k) 100% bonus deduction

Major Topics:

  • Recent tax legislation, rules and developments related to capitalization and depreciation
  • Capitalization of tangible property, including materials and supplies, building and improvements
  • Small taxpayer safe harbor
  • Section 179, including 2020 inflation adjustment
  • Section 168(k) 100% bonus deduction

Designed For:

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

Prerequisites:

Basic working knowledge of tax depreciation