Author: Robert K Valentine Jr. Most businesses keep two depreciation schedules for the same assets. Book depreciation spreads an asset's cost over its useful life for the financial statements. Tax depreciation follows MACRS, often with Section 179 or bonus depreciation thrown in, to cut taxable income as fast as the law allows. The two schedules…
Section 179 vs. Bonus Depreciation in 2026: Which Should Your Business Use?
The OBBBA made 100% bonus depreciation permanent and raised Section 179 limits to $2,560,000 for 2026. Here is how the two deductions differ and how to use them together.
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