2024 Tax Depreciation: Review & Update

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 kori.herrera@acpen.com.

Highlights

• 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

Prerequisites

Basic working knowledge of tax depreciation

Designed For

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

Objectives

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

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by ACPEN. Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.